The Audit Committee Handbook, Fifth Edition -- Contents -- Preface -- Part One: Getting Acquainted with Your Responsibilities -- Chapter 1: Corporate Accountability: Focus on the Audit Committee -- APPROPRIATE ACCOUNTING SKILLS -- INTERNAL CONTROL OVERSIGHT -- AUDITOR OVERSIGHT -- AUDIT COMMITTEE RESOURCES -- TRANSACTIONAL ECONOMICS -- THE NATURE AND IMPORTANCE OF CORPORATE ACCOUNTABILITY -- DEVELOPMENTS IN CORPORATE ACCOUNTABILITY -- CORPORATE ACCOUNTABILITY AND THE AUDIT COMMITTEE -- CONCLUSION -- SOURCES AND SUGGESTED READINGS -- Chapter 2: Audit Committees: Basic Roles and Responsibilities -- ORGANIZATION OF THE AUDIT COMMITTEE -- THE AUDIT COMMITTEE FUNCTIONS -- THE EXTERNAL AND INTERNAL AUDITING PROCESS -- SOURCES AND SUGGESTED READINGS -- Chapter 3: The External Users of Financial Reporting Information -- INTRODUCTION -- THE INVESTORS -- CREDIT GRANTORS -- REGULATORY AGENCIES -- OTHER OUTSIDE CONSTITUENCIES -- IMPORTANT DEVELOPMENTS IN BUSINESS REPORTING AND ASSURANCE SERVICES -- BENCHMARKING -- SOURCES AND SUGGESTED READINGS -- Chapter 4: The Legal Environment of the Audit Committee -- GENERAL LEGAL RESPONSIBILITIES -- OTHER FEDERAL PROVISIONS RELATED TO FRAUD -- LESSONS FOR THE AUDIT COMMITTEE FROM LITIGATION -- GUIDELINES FOR MINIMIZING LEGAL LIABILITY -- SOURCES AND SUGGESTED READINGS -- Chapter 5: Rules of the Road: Financial Reports and Their Audits -- AN OVERVIEW OF U.S. GENERALLY ACCEPTED AUDITING STANDARDS -- AN ANALYSIS OF THE AUDITING STANDARDS -- INTEGRATION OF AUDITING AND RELATED ACCOUNTING STANDARDS -- ATTESTATION ENGAGEMENTS -- INTERNATIONAL AUDITING STANDARDS -- SOURCES AND SUGGESTED READINGS -- Part Two: The Planning Function of the Audit Committee -- Chapter 6: Planning the External Audit -- FINANCIAL STATEMENT ASSERTIONS -- THE RELATIONSHIP BETWEEN RISK AND THE EXTERNAL AUDIT -- THE ENGAGEMENT TEAM.

TYPES OF AUDIT TESTS -- EVALUATING THE EXTERNAL AUDIT PLAN -- SOURCES AND SUGGESTED READINGS -- Appendix 6A: Qualitative Factors That May Influence the Determination of Materiality -- Appendix 6B: Example Audit Planning Schedule -- Chapter 7: Planning the Internal Audit -- COMPONENTS OF THE INTERNAL AUDIT PLAN -- ENTERPRISE RISK MANAGEMENT -- OVERSIGHT AND REPORTING -- SOURCES AND SUGGESTED READINGS -- Part Three: The Monitoring and Reviewing Functions of the Audit Committee -- Chapter 8: Monitoring the System of Internal Control -- DEFINITION AND BASIC CONCEPTS -- RESPONSIBILITY FOR THE SYSTEM OF INTERNAL CONTROL -- REPORTING REQUIREMENTS -- AUDIT COMMITTEE EXPECTATIONS -- SOURCES AND SUGGESTED READINGS -- Chapter 9: Evaluating the Internal and External Audit Function -- SELECTING AND STAFFING AN INTERNAL AUDIT FUNCTION -- MONITORING THE INTERNAL AUDIT FUNCTION -- SELECTING AND EVALUATING AN EXTERNAL AUDITOR -- REPORTING BY THE EXTERNAL AUDITOR -- SOURCES AND SUGGESTED READINGS -- Chapter 10: Communications between Auditors and Audit Committees -- AUDIT COMMITTEE'S REVIEW OBJECTIVE -- ACCOUNTING POLICY DISCLOSURES -- GUIDELINES FOR REVIEWING ACCOUNTING POLICY DISCLOSURES -- SOURCES AND SUGGESTED READINGS -- Chapter 11: A Perspective on Fraud and the Auditor -- MEANING OF FRAUD IN A FINANCIAL STATEMENT AUDIT -- THE EXTERNAL AUDITOR'S RESPONSIBILITY -- THE INTERNAL AUDITOR'S RESPONSIBILITY -- INVESTIGATING KNOWN FRAUD -- THE AUDIT COMMITTEE'S OVERSIGHT APPROACH TO FRAUD RISK ASSESSMENT -- SOURCES AND SUGGESTED READINGS -- Chapter 12: The Audit Committee, Corporate Culture, and Tone at the Top -- QUESTIONABLE FOREIGN PAYMENTS -- CORPORATE PERQUISITES AND EXECUTIVE COMPENSATION -- EXECUTIVE COMPENSATION -- CORPORATE CONTRIBUTIONS -- CONCLUSION -- SOURCES AND SUGGESTED READINGS -- Part Four: The Reporting Function and the Audit Committee.

Chapter 13: Independent Auditors' Reports -- THE AUDITORS' REPORTS ON AUDITED FINANCIAL STATEMENTS -- OTHER AUDITING OPINIONS -- OTHER REPORTS OF THE AUDITORS -- SOURCES AND SUGGESTED READINGS -- Chapter 14: The Audit Committee's Report and Concluding Observations -- PURPOSE OF THE AUDIT COMMITTEE'S REPORT -- GUIDELINES FOR PREPARING THE REPORT -- CONCLUDING OBSERVATIONS -- SOURCES AND SUGGESTED READINGS -- Appendix: Appendix Professional Accounting Associations, Business Organizations, Boards, Commissions, and Directors Publications -- About the Authors -- Index.