Why and How Audits Must Change: Practical Guidance to Improve Your Audits

Praise for Why and How Audits Must Change
"Why and How Audits Must Change presents a fresh vision that responds to the current challenges our profession faces. Tom Houck makes a strong case that audits become dramatically more efficient and effective by engaging the minds of the audit team; he then goes the next step by laying out a roadmap for engaging those minds. Tom has a distinctive voice and knack for making his key ideas seem obvious; you end up asking yourself, why didn’t I think of that?"
–Michael C. Knowles, CPA
Partner, Frank, Rimerman & Co., LLP
"This is a must–read for anybody working on an independent audit. It’s loaded with practical recommendations and examples to improve audit quality."
–Wayne Berson, CPA
Audit Partner, BDO Seidman, LLP
"Tom’s book is must–reading for all firms!"
–Allan D. Koltin, CPA
President & CEO
PDI Global, Inc.
"Tom delivers a timely, important message to auditors about how we must change our mind–sets and audit approaches in today’s environment. Auditors in large and small firms will benefit from his easy–to–understand guidance–especially for applying the new fraud standard in the most efficient way possible."
–Susan L. Menelaides, CPA
Managing Director
American Express Tax & Business Services, Inc.
Member of the Auditing Standards Board

Spis treści:
Preface.
1. A Wake–Up Call for All Auditors. 
2. Risk–Based Auditing: Savior or Villain?
3. The Risk of "Cooking the Books".
4. Other Risks and Considerations.
5. The Many Benefits of Analytical Procedures.
6. Common Pitfalls of Analytical Procedures.
7. An Easy Approach to Implementing Analytical Procedures.
8. Internal Control: The Misunderstood Child.
9. To Test or Not to Test.
10. Talkin′ to the Client.
11. Data Extraction Software.
12. Action Steps.
Index.

Nota biograficzna:
THOMAS P. HOUCK, CPA, is the Chairman of AuditWatch, Inc., the premier training firm in the audit profession. Widely recognized as one of America’s top experts on auditing, Mr. Houck is often quoted and interviewed, and is a frequent speaker at major conferences. He has advised hundreds of accounting firms on techniques and approaches needed to conduct more effective and efficient audits, and led research efforts to identify new approaches for conducting such audits. In addition to authoring the successful subscription newsletter, The Efficient Auditor, from 1993 to 2003, Mr. Houck has contributed to Guide to Risk–Based Audits and Guide to Value–Added Audits.

Okładka tylna:
Praise for Why and How Audits Must Change
"Why and How Audits Must Change presents a fresh vision that responds to the current challenges our profession faces. Tom Houck makes a strong case that audits become dramatically more efficient and effective by engaging the minds of the audit team; he then goes the next step by laying out a roadmap for engaging those minds. Tom has a distinctive voice and knack for making his key ideas seem obvious; you end up asking yourself, why didn’t I think of that?"
–Michael C. Knowles, CPA
Partner, Frank, Rimerman & Co., LLP
"This is a must–read for anybody working on an independent audit. It’s loaded with practical recommendations and examples to improve audit quality."
–Wayne Berson, CPA
Audit Partner, BDO Seidman, LLP
"Tom’s book is must–reading for all firms!"
–Allan D. Koltin, CPA
President & CEO
PDI Global, Inc.
"Tom delivers a timely, important message to auditors about how we must change our mind–sets and audit approaches in today’s environment. Auditors in large and small firms will benefit fro m his easy–to–understand guidance–especially for applying the new fraud standard in the most efficient way possible."
–Susan L. Menelaides, CPA
Managing Director
American Express Tax & Business Services, Inc.
Member of the Auditing Standards Board