Auditing For Dummies

Want to be an auditor and need to hone your investigating skills? Look no further. This friendly guide gives you an easy-to-understand explanation of auditing — from gathering financial statements and accounting information to analyzing a client's financial position. Packed with examples, it gives you everything you need to ace an auditing course and begin a career today.

• Auditing 101 — get a crash course in the world of auditing and a description of the types of tasks you'll be expected to perform during a typical day on the job

• It's risky business — find out about audit risk and arm yourself with the know-how to collect the right type of evidence to support your decisions

• Auditing in the real world — dig into tons of sample business records to perform your first audit

• Focus on finances — learn how both ends of the financial equation — balance sheet and income statement — need to be presented on your client's financial statements

• Seal the deal — get the lowdown on how to wrap up your audit and write your opinion

• After the audit — see the types of additional services that may be asked of you after you've issued your professional opinion

Open the book and find:

• A day in the life of an auditor

• Who gets audited and why

• Professional standards and ethics

• How to assess audit risk

• Tips on collecting and documenting audit evidence

• The best way to get to know your client

• Auditing practices for every business angle (revenue, purchases, personnel, and more)

• What you'll need to complete the audit

Learn to:

• Understand the concepts and theories of auditing

• Conduct internal and external audits

• Ensure accurate and correct records

• Avoid fraudulent practices