Charles walks you from the beginning of the audit process all the way to the end, an excellent plain-english guide. Mark Wiseman, CPA, CMA, Partner Brown, Edwards & Company, L.L.P. Roanoke, Virginia This is a great how-to, hands-on guide that will help you conduct a quality audit and provide value to your clients. Go over a chapter a week with your audit team. The book provides the why and how behind your audit programs and workpapers. James H. Bennett, CPA, Managing Member Bennett & Associates, CPAs PLLC Ann Arbor, Michigan Thanks Charles for clarifying what’s important in an audit. Recommended reading for any auditor level. Jay Miyaki, CPA, Partner Jay Miyaki, LLC Honolulu, Hawaii The author steps through each audit area in a simple manner and clearly explains topics that are often complex by providing numerous examples and personal anecdotes. I highly recommended this text to anyone in the financial statement audit profession. Jacob Gatlin, CPA, PhD CDPA, PC Athens, Alabama Charles Hall’s “The Why and How of Auditing” is comprehensive, yet easy to implement. This guide will enhance the effectiveness of your audit engagements. Armando Balbin, CPA, Partner Downey, California I highly recommended Charles Hall’s latest book, “The Why and How of Auditing.” Charles takes a complicated subject and makes it simple. Our team found it particularly useful in the areas of questions to ask, procedures to follow, and work paper examples. Bill Burke, CPA, Partner Burke, Worsham and Harrell, LLC Bainbridge, Georgia A must-read for auditors! The Why and How of Auditing is insightful, practical, and rich with ideas. Charles takes a complex topic and breaks it down into an easy to read, well-defined road map. Kathryn Fletcher, CPA, MBA, Partner Draffin Tucker Atlanta, Georgia Do you ever feel trapped by an audit? Like you just can’t finish the engagement. It started out so well, but somewhere along the way, something went wrong. The wheels came off. Maybe it all started with your acceptance of a new client that you didn’t feel good about from the very beginning. Or possibly your new staff members don’t understand risk assessment. So they blindly followed last year’s work papers, but the auditee has new risks. Risks that were not addressed. Now you’re re-working the audit. Wow, the audit budget is busted. But you’ve still got to finish the substantive work—and all the wrap-up work remains to be done. Just creating financial statements will take a week. And you’re in a peer review year. The clock is ticking. How do you feel? Trapped. Want less stress? Then check out The Why and How of Auditing. This book explains the full audit process, from beginning to end, from client acceptance to audit opinion issuance. And you’ll find helpful guidance for the audit of transaction cycles such as receivables and revenue, payables and expenses, debt, payroll, and more. All in one easy-to-understand book. Discover helpful ways to plan, execute, and complete your audit engagements. Imagine: quality audits finished on time.

    They believe most financial accounting textbooks fail to demonstrate that accounting is an exciting field of study and one that is important to future careers in business. When writing this text, they considered career relevance as their guide when selecting material, and the need to engage the student as their guide to style, pedagogy, and design.Libby/Libby/Hodge successfully implements a real-world, single focus company approach in every chapter. Students and instructors have responded very favorably to the use of focus companies and the real-world financial statements. The companies chosen are engaging and the decision-making focus shows the relevance of financial accounting regardless of whether or not the student has chosen to major in accounting.Libby/Libby/Hodge believes in the building-block approach to teaching transaction analysis. Most faculty agree that mastery of the accounting cycle is critical to success in financial accounting. And yet all other financial books introduce and develop transaction analysis in one chapter, bombarding a student early in the course with an overload of new concepts and terms. The authors believe that most faculty take more time with the accounting cycle, but other financial accounting textbooks don't. By slowing down the introduction of transactions and giving students time to practice and gain mastery, this building-block approach leads to greater student success in their study of later topics in financial accounting such as adjusting entries.

    Due to the comprehensive nature of the material, we are offering the book in two volumes. This book is specifically designed to appeal to both accounting and non-accounting majors, exposing students to the core concepts of accounting in familiar ways to build a strong foundation that can be applied across business fields. Each chapter opens with a relatable real-life scenario for today’s college student. Thoughtfully designed examples are presented throughout each chapter, allowing students to build on emerging accounting knowledge. Concepts are further reinforced through applicable connections to more detailed business processes. Students are immersed in the “why” as well as the “how” aspects of accounting in order to reinforce concepts and promote comprehension over rote memorization.

    

    That means unprecedented changes, affecting virtually all industries and all size organizations. For preparers, this guide provides the comprehensive, reliable accounting implementation guidance you need to unravel the complexities of this new standard. For practitioners, it provides in-depth coverage of audit considerations, including controls, fraud, risk assessment, and planning and execution of the audit. Recent audit challenges are spotlighted to allow for planning in avoiding these new areas of concern. This guide includes 16 industry-specific chapters for the following industries: Aerospace and Defense, Airlines, Asset Management, Broker-Dealers, Construction Contractors, Depository Institutions, Gaming, Health Care, Hospitality, Insurance, Not-for-Profits, Oil and Gas, Power and Utility, Software, Telecommunications,  and Timeshare.