Principles of External Auditing, 3rd Edition

Author: Brenda Porter; David Hatherly; Jon Simon
Publisher: John Wiley & Sons (Higher Education)
ISBN: 9780470018255
Published In: November 2008
Format: Paperback , 816 pages
Jurisdiction: U.S. ? Disclaimer:
Countri(es) stated herein are used as reference only

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Description
Contents

Details

Principles of External Auditing has become established as one of the leading textbooks for students studying auditing. Striking a careful balance between theory and practice, the book 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.

New To This Edition:

Includes new material on:

International auditing standards
International ethical standards
Developments in the regulatory environment
The impact upon auditing of the new international accounting standards
Recent changes in case law affecting auditors

Advantage:

New edition of one of the best-selling textbooks on auditing
Includes comprehensive coverage of the new international auditing standards
Strikes a careful balance between theory and practice
Designed for students, at either undergraduate or postgraduate level who are interested in understanding the principles that underlie external auditing

Preface.

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.

Internal audits.

Environmental audits.

Appendix: Summary of steps in a statutory financial statement audit.

Index.