Principles of auditing / Walter B. Meigs, E. John Larsen, and Robert F. Meigs

Includes index.

1. The Role of the Auditor in the American Economy -- 2. Professional Ethics -- 3. Legal Liability of Auditors -- 4. The Public Accounting Profession; Planning the Audit -- 5. Internal Control -- 6. The Audit of Electronic Data Processing Systems -- 7. Evidence - What Kind and How Much? -- 8. Statistical Planning -- 9. Audit Working Papers -- 10. Beginning the Audit: Examination of General Records -- 11. Cash -- 12. Securities and Other Investments, and Investment Revenue --13. Accounts and Note Receivables; and Sale Transactions -- 14. Inventories and Cost Sales -- 15. Property, Plant, and Equipment: Depreciation and Depletion -- 16. Prepaid Expenses, Deferred Charges, and Intangible Assets -- 17. Accounts Payable and other Liabilities -- 18. Interest-bearing Debt and Interest Expense: Contingent Liabilities and Commitments -- 19. Owners' Equity -- 20. Further Verification of Revenue and Expenses -- 21. Financial Statements and Audit Reports.

This FIFTH EDITION of Principles of Auditing reflects the dramatic changes currently taking place in the profession of public accounting. In the four years since publication of the preceding edition, the wave of litigation naming CPA firms as defendants has continued to grow. Many of these new court cases have shed additional light on the CPA's responsibility to clients and to third parties. Chapter 3 is a new chapter, devoted entirely to the legal liability of auditors, and contains summaries of major court cases involving CPAs.