This book, now in its seventh edition and adopted at 80 schools in its 20-year history, presents accounting, finance and auditing using clear narrative with extensive illustrations. Written by a leading scholar of law and accounting, it balances accessibility with rigor. Pedagogical features that make this book easy to use include a coherent layout, complete set of PowerPoint slides, comprehensive Problems and Solutions, intriguing Conceptual Questions and International Comparisons plus a Glossary, Bibliography, and Index. While introductory books on this topic include mostly venerable material not prone to change, where relevant change has occurred, this new edition is on the cutting edge with it, including capturing such hot topics as new auditor disclosure on critical audit matters (CAMs) and going concern warnings; the new audit report and auditor tenure disclosure; revenue recognition and lease accounting standards; and audit data analytics.