Includes bibliographical references.

Unit I Overview of a CPA's Professional practice 1 -- Unit II Legal, regulatory and ethical requirements 97 -- Unit III Regulation within the Accountancy practice 269 -- Unit IV Risk-based audit of financial statements: Phase I- Risk Assessment 366 -- Unit V Risk-based audit of financial statements: Phase II -Risk Response 598 -- Unit VII Auditing in a Computer Information Systems Environment 964 -- Unit VIIII Other services and reports 1042.

This book is intended for use in an undergraduate auditing course and is designed to make the students familiar with a risk-based managerial environment in which audits are conducted and the process, methods, and standards auditors follow in conducting audits. It also provides an excellent material for accounting graduates who wish to review for the CPA Licensure Examination, and for introductory professional development cousre for CPA firms, internal auditors and government auditors.