Principles of External Auditing, 3rd Edition

by Brenda Porter (Victoria University of Wellington ); David Hatherly (University of Edinburgh ); Jon Simon (University of Hull )

• ISBN13: 9780470018255
• ISBN10: 0470018259
• Edition: 3rd
• Format: Paperback
• Copyright: 2008-12-01
• Publisher: WILEY

Summary

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.

Table of Contents

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

Summary of steps in a statutory financial statement audit

Index

Table of Contents provided by Publisher. All Rights Reserved.