As auditors, we are trained to investigate beyond appearances to
determine the underlying facts―in other words, to look beneath the
surface. From the Enron and WorldCom scandals of the early 2000s to
the financial crisis of 2007–2008 to present-day issues and
challenges related to significant estimation uncertainty,
understanding the auditor’s responsibility related to fraud,
maintaining a clear perspective, probing for details, and
understanding the big picture are indispensable to effective
auditing. With the availability of greater levels of qualitative
and quantitative information (“big data”), the need for technical
skills and challenges facing today’s auditor is greater than ever.
The author team of Louwers, Blay, Sinason, Strawser, and Thibodeau
has dedicated years of experience in the auditing field to this new
edition of Auditing & Assurance Services, supplying the
necessary investigative tools for future auditors.