TEST BANK

Stanley Faria
Humber College

Auditing:
The Art and Science of Assurance
Engagements
Fourteenth Canadian Edition
Alvin A. Arens
Michigan State University

Randal J. Elder
Syracuse University

Mark S. Beasley
North Carolina State University

Chris E. Hogan
Michigan State University

Joanne C. Jones
York University

ISBN: 978-0-13-483502-0

Copyright © 2019 Pearson Canada Inc., Toronto, Ontario. All rights reserved. This work is protected by Canadian 
copyright laws and is provided solely for the use of instructors in teaching their courses and assessing student learning. 
Dissemination or sale of any part of this work (including on the Internet) will destroy the integrity of the work and is 
not permitted. The copyright holder grants permission to instructors who have adopted Auditing: The Art and Science 
of Assurance Engagements, by Arens, Elder, Beasley, Hogan, and Jones, to post this material online only if the use of 
the website is restricted by access codes to students in the instructor’s class that is using the textbook and provided the 
reproduced material bears this copyright notice.

CONTENTS

Chapter 1 The Demand for Audit and Other Assurance Services

Chapter 2 The Public Accounting Profession and Audit Quality

Chapter 3 Professional Ethics and Legal Liability

Chapter 4 Audit Responsibilities and Objectives

Chapter 5 Audit Evidence

Chapter 6 Client Acceptance, Planning, and Materiality

Chapter 7 Assessing the Risk of Material Misstatement

Chapter 8 Internal Control and COSO Framework

Chapter 9 Assessing Control Risk and Designing Tests of Controls

Chapter 10 Develop Risk Response: Audit Strategy and Audit Program

Chapter 11 Audit Sampling Concepts

Chapter 12 Audit of the Revenue Cycle

Chapter 13 Audit of the Acquisition and Payment Cycle

Chapter 14 Audit of the Inventory and Distribution Cycle

Chapter 15 Audit of the Human Resources and Payroll Cycle

Chapter 16 Audit of the Capital Acquisition and Repayment Cycle

Chapter 17 Audit of Cash Balances

Chapter 18 Completing the Audit

Chapter 19 Audit Reports on Financial Statements

Chapter 20 Other Assurance and Nonassurance Services

Copyright © 2019 Pearson Canada Inc., Toronto, Canada

ii