Includes index.

1. Introduction to Auditing and the Pacific Accounting Profession -- 2. Overview of the Audit Process, Evidence, and Working Papers -- 3. Planning and Environmental Considerations -- 4. Evaluating Accounting Systems -- 5. Evaluating Computerized Accounting Systems -- 6. Analytical Review -- 7. Preparing the Audit Program -- 8. An Introduction to Statistical Sampling -- 9. Probability Proportional to Size and Variable -- 10. Auditing the Sales Component -- 11. Auditing the Production or Service Component- Materials, Overheard, and Labor --12. Auditing the Production or Service Component- Inventory Accountability and Physical Safeguards; Property, Plant, and Equipment -- 13. Auditing Finance -- 14. Auditing the Administration Component and General Procedures -- 15. Small Business -- 16. The Auditor's Report -- 17. Special Reports and Unaudited Financial Statements -- 18. Reports on Internal Control and Management Letters -- 19. Professional Ethics and Accountants' Liability -- 20. The SEC and the Independent Auditor.

Auditing: A Risk Analysis Approach is a "state-of the art" approach to financial auditing with a student-oriented pedagogy. The Approach of the book is risk analysis, which operationalizes State on Auditing Standards No. 47, "Audit Risk and Materiality in Conducting an Audit.