Known in the academic market for its clear writing style and accessibility, this extensive revision focuses on auditor decision making and the auditor?s role in providing assurance about the integrity of the financial reporting system. This is particularly important in light of the recent events involving WorldCom, Enron, Xerox, Aldelphia, Tyco, Waste Management, and other recent incidents that have questioned the quality of work in the auditing profession. Intended for a junior- or senior-level course in auditing or assurance services taught at most four-year schools. AUDITING COUNTS! With recent incidents at WorldCom, Enron, Xerox, Tyco, and other companies, auditing has never been so important. Auditing is perhaps our single best defense in ensuring the integrity of our financial reporting system. That's why this new Eighth Edition of Boynton and Johnson's Modern Auditing focuses on decision making and the critical role auditors play in providing assurance about the integrity of the financial reporting system. Known for its clear writing and accessibility, this text provides comprehensive and integrated coverage of current developments in the environment, standards, and methodology of auditing. FEATURES Real-world examples relate issues discussed in the chapter to ethics, audit decision making, and the integrity of the financial reporting system - Focus on Audit Decisions sections highlight key factors that influence an auditor's decisions. - Includes discussion of the role of the Public Company Accounting Oversight Board (PCAOB) Auditing Standards. A chapter feature highlights PCAOB standards that differ from Generally Accepted Auditing Standards for private companies. - Expanded case material related to the integrated audit case (Mt. Hood Furniture) provides a variety of databases that allow students to utilize generalized audit software (IDEA) to accomplish various audit tasks. Multiple databases allow the case to be reused with different data from term to term. - A flowchart style chapter preview begins each chapter. - Chapter summaries reinforce important audit decisions included in the chapter. - End-of-chapter material organized by audit decisions provides a clear link between audit decisions discussed in each chapter and the problem material. - Each chapter includes a professional simulation (similar to the professional simulations on the CPA exam) that asks students to research audit questions, resolve audit issues, and draft audit memos and other important client communications. AUDITING COUNTS! With recent incidents at WorldCom, Enron, Xerox, Tyco, and other companies, auditing has never been so important. Auditing is perhaps our single best defense in ensuring the integrity of our financial reporting system. That's why this new Eighth Edition of Boynton and Johnson's Modern Auditing focuses on decision making and the critical role auditors play in providing assurance about the integrity of the financial reporting system. Known for its clear writing and accessibility, this text provides comprehensive and integrated coverage of current developments in the environment, standards, and methodology of auditing. FEATURES Real-world examples relate issues discussed in the chapter to ethics, audit decision making, and the integrity of the financial reporting system - Focus on Audit Decisions sections highlight key factors that influence an auditor's decisions. - Includes discussion of the role of the Public Company Accounting Oversight Board (PCAOB) Auditing Standards. A chapter feature highlights PCAOB standards that differ from Generally Accepted Auditing Standards for private companies. - Expanded case material related to the integrated audit case (Mt. Hood Furniture) provides a variety of databases that allow students to utilize generalized audit software (IDEA) to accomplish various audit tasks. Multiple databases allow the case to be reused with different data from term to term. - A flowchart style chapter preview begins each chapter. - Chapter summaries reinforce important audit decisions included in the chapter. - End-of-chapter material organized by audit decisions provides a clear link between audit decisions discussed in each chapter and the problem material. - Each chapter includes a professional simulation (similar to the professional simulations on the CPA exam) that asks students to research audit questions, resolve audit issues, and draft audit memos and other important client communications. William C. Boynton , Ph.D., CPA received his doctorate in accounting from Michigan State University. He is professor emeritus of accounting at California Polytechnic State University at San Luis Obispo where he formerly served as dean and head of the Accounting Department. He has served on the audit staffs of two international public accounting firms. He has also served as a regional chairperson of the Auditing Section of the American Accounting Association, and on a variety of committees for