Description
CENGAGE Audit Process by Louise Crawford
The sixth edition of The Audit Process has been updated to include the latest changes in international accounting, auditing and financial reporting standards. The new edition features new questions from some of the most prominent exam boards including ACCA and Chartered Accountants Ireland and a new chapter on corporate governance and responsibility. This edition also welcomes on board Louise Crawford, who brings with her a wealth of experience and knowledge. This text is suitable for students studying auditing and assurance services on accounting, finance and business degrees. 1 Why are auditors needed?2 An overview of the postulates and concepts of auditing3 The meaning and importance of auditor independence: factors affecting independence and measures to attain it4 Audit regulation5 The risk-based approach to audit: audit judgement6 The search for evidence explained7 Systems work: basic ideas 18 Systems work: basic ideas 29 Testing and evaluating systems10 Substantive testing, computer-assisted audit techniques and audit programmes11 Sampling and materiality12 Final work: general principles, analytical review of financial statements, non-current assets and trade receivables 13 Final work: specific problems related to inventories, construction contracts, trade payables and financial liabilities14 Final review: post-balance sheet period, provisions, contingencies, letter of representation15 Assurance engagements and internal audit16 The auditors' report17 Fraud and going concern18 The audit expectations gap and audit quality19 Corporate governance20 The auditor and liability under the law21 Issues in auditing22 Examination hints and final remarks