- Language: English
- 400 Pages
- Published: April 2010
- Region: Global
Principles of External Auditing. 3rd Edition
- Published: August 2008
- Region: Global
- 816 Pages
- John Wiley and Sons Ltd
This book provides a comprehensive and exacting introduction to the principles and practice of external auditing. It describes and explains, in non-technical language, the nature of the audit function and the principles of the audit process.
The book covers international auditing and accounting standards and relevant statute and case law. It explains the fundamental concepts of auditing and takes the reader through the various stages of the audit process. It also discusses topical aspects of auditing such as legal liability, audit risk, quality control, and the impact of information technology.
What is auditing?
The development of auditing and audit objectives.
A framework of auditing concepts.
Threats to, and preservation of, auditors' independence.
Legal and professional duties of auditors.
Overview of the audit process, audit evidence: staffing and documenting an audit.
Commencing an audit: engagement procedures and gaining an understanding of the client.
Planning the audit and assessing audit risk.
Internal controls and the auditor.
Testing the financial statement assertions: substantive testing.
Introduction to audit sampling and computer assisted auditing techniques (CAATs).
Completion and review.
Auditors' reports to users of financial statements and to management.
Legal liability of auditors.
Avoiding and limiting auditors' liability.
Appendix: Summary of steps in a statutory financial statement audit.
Brenda Porter Victoria University of Wellington? .
David Hatherly University of Edinburgh .
Jon Simon University of Hull .