The second edition includes changes on the following topics: Professional ethics / Audit objectives / Internal control and control risk assessment / and more.
Building on the success of "Modern Auditing", this extensively revised second edition continues to provide the reader with comprehensive and integrated coverage of the latest developments in the environment and methodology of auditing. Aimed at introductory courses in auditing at undergraduate, graduate and professional levels, it develops the auditing process in a logical and sequential manner, enabling the reader progressively to consolidate their understanding of the concepts and process.The strong pedagogical framework has been retained and includes chapter overviews, learning objectives and checks, review questions, professional application questions, case studies and a glossary of technical terms. The new features include: revisions to make this edition wholly compliant with the British adoption of international accounting and auditing standards in 2005; changes in the regulatory environment, including developments in corporate governance and the new system of regulation of the accounting profession; and, a chapter on e-commerce and its implications for control and audit.
CHAPTER 1: Auditing and the public accounting profession.CHAPTER 2: Financial statement audits.CHAPTER 3: Professional ethics.CHAPTER 4: Auditors' legal liability.CHAPTER 5: Audit risk and audit evidence.CHAPTER 6: Accepting the engagement and planning the audit.CHAPTER 7: Internal control and control risk assessment.CHAPTER 8: Audit sampling.CHAPTER 9: Designing substantive procedures.CHAPTER 10: Auditing sales and debtors.CHAPTER 11: Auditing purchases, creditors and payroll.CHAPTER 12: Auditing stocks and tangible fixed assets.CHAPTER 13: Auditing cash and investments.CHAPTER 14: Completing the audit.CHAPTER 15: Reporting on audited financial statements.CHAPTER 16: E-commerce and auditing.CHAPTER 17: Contemporary issues in auditing.Answers to multiple-choice questions.Suggested answers to professional application questions.Glossary.Index.