Auditing: A Practical Approach with Data Analytics, 5th Canadian Edition
By Robyn Moroney, Fiona Campbell, Jane Hamilton, and Valerie Warren
Auditing: A Practical Approach with Data Analytics, 5th Canadian Edition gives students everything they need to succeed on the CPA exam and step confidently into a modern audit career. Written for today’s students, this streamlined text combines clear, accessible writing with rich visual learning aids, including illustrations, infographics, and bite-sized callouts, to make complex concepts click faster.
Students will have the opportunity to work through a complete audit from start to finish, developing the professional judgement and critical thinking skills that real auditors rely on every day. New coverage of emerging technologies, including AI and automation, prepares students for an evolving profession, while fully updated content reflects the latest professional standards, including revised CAS 240.
When paired with WileyPLUS, students gain access to a full suite of digital resources designed to support learning at every stage. Adaptive assignments personalize the experience to each student’s needs, while scaffolded Excel and data analytics exercises build hands-on technical skills step by step. With a case-based learning approach and wealth of applied practice opportunities, Auditing 5ce gives your students the tools to think like an auditor from day one.
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Resources to boost student engagement
- Adaptive Assignments help close potential knowledge gaps through practice, just-in-time instruction, and remediation to prerequisite topics for struggling students.
- Material Matters Video Series feature interviews with real world audit professionals talking about their experiences in industry.
Real world applications to build professional judgement
- ESG Module provides interactive lessons outlining what ESG is, why it’s important, and how it’s changing the accounting and business world.
- Case based learning through the Cloud 9 Continuing Case Study and the independent Alpine Bags Case Book give students hands on, applied practice.
- Professional Environment Features in the textbook connect chapter concepts to industry and spotlight real world challenges auditors face. Each feature comes with discussion questions for further contemplation.
Developing critical data analytics skills
- Power BI and Tableau Data Visualization Problems provide an out-of-the-box introduction to interpreting and analyzing visualizations, with an emphasis on understanding the story behind the numbers.
- Data Analysis Technology Bootcamps: help students develop foundational data analytics software skills in Excel, Power BI, Alteryx, SQL, and Tableau. Each bootcamp features video walkthroughs, auto-graded knowledge check questions, and application problems with video solutions.
- The Data Set Library provides a gallery of data sets that map to specific accounting topics and can be used for students to learn how to conduct, analyze, and interpret visualizations in a variety of software.
What’s new in the text:
- Fully updated to reflect all professional requirements and standards including revised CAS 240.
- Increased emphasis on readability through the integration of new visual learning aids including illustrations, infographics, and bite-sized call outs and bullet points.
- New discussions on the impact of emerging technologies and their impact on the auditing landscape, including AI and automation.
- New AI focused end-of-chapter questions ask students to think critically and evaluate AI outputs, building critical thinking and professional judgement skills.
What’s new in WileyPLUS:
- 4 New Auditing Cases ask students to perform comprehensive tasks and analyses as an auditor within realistic business scenarios. Each case comes with an instructor guide and full solution.
- New and updated Test Bank and end-of-chapter problem material for additional practice and assessment opportunities.
- New Gradable Excel Problems help students develop their Excel skills within an auditing context. These auto-graded problems ask students to solve exercises from the end-of-chapter materials within a live Excel environment, before providing cell level feedback and learning support.
ROBYN MORONEY, B.Ec. (Hons), M.Com., Ph.D., CA, CPA, is an Associate Professor in the Department of Accounting and Finance at Monash University, Australia. Before commencing her academic career, Robyn worked as an auditor at Arthur Young, now Ernst & Young. With over 25 years’ academic experience, Robyn has previously held positions at the University of Melbourne, the University of Auckland, the University of New South Wales, and La Trobe University. As a member of the board of the Accounting and Finance Association of Australia and New Zealand, which represents the interests of accounting and finance academics in both countries, Robyn has taken on a number of roles, including co-chairing the conference technical committee and the doctoral symposium. Her areas of research are the behavioural aspects (auditor decision-making processes) and economics of auditing.
FIONA CAMPBELL, B.Com., FCA, is an Assurance Partner with Ernst & Young in Melbourne, Australia. Fiona has been serving clients in the assurance practice since 1991 and has worked on audit clients primarily in the manufacturing, consumer, and industrial products industries, as well as not-for-profit sector organizations. She has considerable experience providing professional services to Australian and foreign-controlled companies, including large publicly listed and private companies. Fiona is also responsible for assurance methodology and technology at Ernst & Young in Australia, and she has been involved in designing the firm’s global audit methodology for the past 14 years, including ensuring compliance with both international and local auditing standards.
JANE HAMILTON, B.Bus., M.Acc., Ph.D., is Professor of Accounting at the Bendigo campus of the Regional School of Business, La Trobe University, Australia, and previously held academic positions at the University of Technology, Sydney. Jane has 20 years’ experience in teaching and has published the results of her auditing research in several Australian and international journals.
VALERIE WARREN, B.Comm., MBA, CPA, CA, is faculty and a former Accounting Department Chair at the School of Business at Kwantlen Polytechnic University in British Columbia. Before commencing her academic career, Valerie worked as an auditor with KPMG. As well as teaching a variety of accounting courses, including auditing, advanced accounting, and accounting theory, Valerie also serves as a Practice Review Officer for the Chartered Professional Accountants of British Columbia, where she conducts practice reviews of national, regional, and small CA firms to ensure compliance with current accounting and assurance standards.
1. Introduction and Overview of Audit and Assurance 2. Ethics, Legal Liability, and Client Acceptance 3. Audit Planning I 4. Audit Planning II 5. Audit Evidence 6. Sampling and Overview of the Risk Response Phase of the Audit 7. Understanding and Testing the Client’s System of Internal Controls 8. Execution of the Audit—Performing Substantive Procedures 9. Audit Data Analytics 10. Auditing Sales and Receivables 11. Auditing Purchases, Payables, and Payroll 12. Auditing Inventories and Property, Plant, and Equipment 13. Auditing Cash and Investments 14. Completing and Reporting on the Audit Appendix A: Cloud 9 Ltd.