Authors: Brenda Porter, Jon Simon, David Hatherly
ISBN-13: 9780470018255, ISBN-10: 0470018259
Format: Paperback
Publisher: Wiley, John & Sons, Incorporated
Date Published: October 2008
Edition: 3rd Edition
Brenda Porter BSc (Hons, Geog), BBS, PhD, FCA (NZ), CA (Scot), FCIS, Cert Ed is Reader in Accounting at Warwick Business School.
Jon Simon BSc (Hons, Econ), MA, MBA, FCA is Lecturer in Accounting and Finance at the University of Hull Business School.
David Hatherly BSc (Hons, Econ), Macc, FCA is Professor of Accounting at the University of Edinburgh Management School.
The 2nd edition of Principles of External Auditing provides a comprehensive introduction to the principles and practice of external auditing in the UK. It describes and explains, in non-technical language, the nature of the audit function and the principles of the audit process.
It covers UK and International auditing standards and relevant statute and case law and 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. This new edition has been thoroughly updated throughout to include new processes and regulations, new legislation and changing practices. It also includes new sections on: environmental audit, internal audit, the expectations gap and knowledge of the business and uses the UK and International Auditing Standards.
Preface | ||
Ch. 1 | What is auditing? | 1 |
Ch. 2 | The development of auditing and audit objectives | 17 |
Ch. 3 | A framework of auditing concepts | 41 |
Ch. 4 | Threats to, and preservation of, auditors' independence | 71 |
Ch. 5 | Legal and professional duties of auditors | 97 |
Ch. 6 | Overview of the audit process, audit evidence: staffing and documenting an audit | 147 |
Ch. 7 | Commencing an audit: engagement procedures and gaining an understanding of the client | 183 |
Ch. 8 | Planning the audit and assessing audit risk | 203 |
Ch. 9 | Internal controls and the auditor | 237 |
Ch. 10 | Testing the financial statement assertions: substantive testing | 273 |
Ch. 11 | Introduction to audit sampling and computer assisted auditing techniques (CAATs) | 303 |
Ch. 12 | Completion and review | 335 |
Ch. 13 | Auditors' reports to users of financial statements and to management | 365 |
Ch. 14 | Legal liability of auditors | 407 |
Ch. 15 | Avoiding and limiting auditors' liability | 455 |
Ch. 16 | Internal audits | 497 |
Ch. 17 | Environmental audits | 533 |
App | Summary of steps in a statutory financial statement audit | 587 |
Index | 599 |