Auditing & Assurance Services

Messier employs the new audit approach currently being used by auditing professionals. This new approach is a direct result of the demands of Sarbanes-Oxley, which has changed the way auditors do their jobs. The new auditing approach emphasizes understanding the entity (i.e., the organization or business being audited) and its environment (i.e. industry), and then assessing the business risks faced by the entity and how management controls those risks. This new audit process focuses on business processes instead of accounting cycles. This unique and innovative approach has been developed in response to changing market dynamics. The systematic approach, referred to in the subtitle of the text, reflects the early introduction of three basic concepts that underlie the audit process: materiality, audit risk, and evidence; this allows Messier to build upon this model in subsequent chapters. These are central to everything an auditor does and a unique feature of Messier. As such, this approach helps students develop auditor judgment, a vital skill in todayĹźs auditing environment.Interactive Running Case: A fictitious catalog sportswear retailer called EarthWear is featured as a company being audited. Great 4-color EarthWear annual report follows Chapter 1. The OLC houses simulated intranet sites for Earthware and the auditing firm. These sites include company information such as company profile, employees, and financial statements. Actual screen shots from the EarthWear web site will be featured throughout the text. From the website, students can link to information about Willis & Adams, the public accounting firm performing the audit. An extension of the text material, students will be able to go to these Web sites to find interesting applications of auditing practices.|Delay of Legal Liabilities and Ethics: Most texts cover these topics early - before getting into the actual audit process. Messier delays legal liabilities and ethics until chapters 19 and 20. In postponing that coverage, Messier allows students to learn the basic audit process before introducing them to these broader topics before they have a context through which to view them. Legal liabilities and ethics become more relevant and understandable after decision-making has been introduced and covered throughout the text.|Brief: Messier has remained one of the briefest texts on the market, by limiting the historically dry explanation of the auditing profession to one chapter.|You can customize this text. McGraw-Hill/Primis Online's digital database offers you the flexibility to customize your course including material from the largest online collection of textbooks, readings, and cases. Primis leads the way in customized eBooks with hundreds of titles available at prices that save your students over 20% off bookstore prices. Additional information is available at 800-228-0634.|New Chapter on the Audit of Internal Control Ĺź MessierĹźs chapter 7 (Auditing Internal Control) is unique among auditing textbooks. It covers a crucial section of the Sarbanes-Oxley Act. This is highly current, highly relevant material that Arens (because of the timing of its publication) covers only briefly. |New Co-Authors Ĺź Steven Glover and Douglas Prawitt (both of Brigham Young University) are well-known, respected academics. They were co-chairs of the 2004 American Accounting Association national meeting and of the 2004 Auditing Section Mid-Year Meeting. Combined with Bill MessierĹźs excellent reputation as an author and teacher, the 4th edition features an outstanding author team.|ACLĹź audit software is packaged for free with every new copy of the 4th edition. At least 1-2 basic ACLĹź assignments are found on the text Online Learning Center (mhhe.com/messier4e) for each chapter of the text. These EarthWear-specific or stand alone assignments will allow students to test controls, perform audit sampling and other analysis. |Study Guide/Casebook - Developed by Helen Roybark of Radford University, this new supplement consists of two parts: Section I includes a detailed case study entitled ĹźTownsend Office Supplies and Equipment,Ĺź and Section II includes a unit for each chapter in the textbook. Each chapter unit in Section II includes a chapter summary, true/false questions, multiple choice questions, short essay questions, a crossword puzzle to test terminology, and a case activity for Townsend Electronics, Inc. Solutions are included.|More End of Chapter Problem Material: The expanded end of chapter material includes review questions, multiple-choice questions from CPA examinations, problems, Internet assignments, discussion cases, and ACLĹź assignments. Problems are drawn from the CPA and CIA examinations and from new material developed by co-authors Steven Glover and Douglas Prawitt.|Represents computerized systems: Many texts still downplay the role of technology in auditing, but the Messier text assumes business processes are computerized. The design will highlights this feature, as does the web site and the entire EarthWear case. |McGraw-HillĹźs Knowledge Gateway - The Complete Resource for Teaching Online Courses. McGraw-Hill/Irwin, in partnership with Eduprise, is proud to bring this unique service to instructors. This comprehensive Website contains a wealth of information for any professor interested in teaching online. Level one is available to any instructor browsing our Website. Level two is reserved for McGraw-Hill customers and contains access to free technical and instructional design assistance. For more details, visit http://mhhe.eduprise.com/home.nsf|PageOut is McGraw-HillĹźs unique point-and click course Website tool, enabling you to create a full-featured, professional quality course Website without knowing HTML coding. With PageOut you can post your syllabus online, assign McGraw-Hill Online Learning Center or eBook content, add links to important off-site resources, and maintain student results in the online grade book. You can send class announcements, copy your course site to share with colleagues, and upload original files. PageOut is free for every McGraw-Hill/Irwin user and, if youĹźre short on time, we even have a team ready to help you create your site!You can customize this text. McGraw-Hill/Primis Online's digital database offers you the flexibility to customize your course including material from the largest online collection of textbooks, readings, and cases. Primis leads the way in customized eBooks with hundreds of titles available at prices that save your students over 20% off bookstore prices. Additional information is available at 800-228-0634.