Includes bibliographical references and appendices.

The auditing environment is dynamic and constantly evolving. University graduatesentering the auditing profession today must be prepared for a high standard ofresponsibility, stand ready to serve the public interest, and recognize the emergingissues and continuing points of focus facing auditors. Examples include:
Incorporating data analytics into the audit process
Emphasizing critical thinking and professional skepticism
Incorporating ethical implications into professional decision making
Implementing IAASB reporting (key audit matters) and PCAOB reporting(critical audit matters) to ensure transparent and informative audit reports
Responding to the evolution of CPA exam content,format, and structure,including memo writing
The Twelfth Edition of Auditing: A Risk-Based Approach represents the most up-to-date professional auditing guidance available and reflects the many emerging issuesand continuing points of focus in the profession. This text provides students with thetools they need to understand the full range of issues associated with conducting aquality financial statement audit in an evolving national and global context.