Auditing: A Practical Approach [Paperback]

Auditing: a Practical Approach is a new textbook written for students studying auditing at an undergraduate and postgraduate level. The text reflects how an audit is conducted in practice and the issues that are of greatest concern to auditors. Written by authors from academic and professional practice backgrounds the text has a practical orientation and presents essential audit topics supported with constructive pedagogy.

In order to communicate the key elements of the audit process a hypothetical case study, Cloud 9, underpins the audit process and methodology whilst providing a constant example of how general audit principles are applied in practice. With the educational trend to teach auditing with an industry and practical focus, the text will effectively develop a student's understanding of the various stages of an audit and how an audit is conducted in practice.

Preface.

Acknowledgements.

1 Introduction and overview of audit and assurance.

2 Ethics, legal liability and client acceptance.

3 Audit planning I.

4 Audit planning II.

5 Audit evidence 1.

6 Overview of tests of controls, substantive procedures and sampling.

7 Gaining an understanding of the clients system of internal controls.

8 Execution of the audit  testing of controls.

9 Execution of the audit  performing substantive procedures.

10 Substantive testing and balance sheet accounts.

11 Substantive testing and income statement accounts.

12 Completion and reporting on the audit.

Appendix.

Glossary.

Index.

Robyn Moroney, BEc (Hons), l'