The Third Edition of this successful text includes extensive changes, based on feedback from students and lecturers. There is a discussion of auditing and the law beyond the issue of third-party liability; and more coverage of recent developments in audit methodologies and techniques. New chapters include a survey of developments in audit automation, a discussion of the nature and development of the audit market, both in the United Kingdom and the European Union, and an assessment of the impact on auditing of the Cadbury Report on corporate governance, with particular attention to the role of audit committees. Each chapter includes questions for discussion.
Part I: The Framework and Context of Auditing
- Chapter 1: Debating Audit Expectations
- Chapter 2: Auditors' Responsibilities with Respect to Corporate Fraud: A Controversial Issue
- Chapter 3: Independence
- Chapter 4: Corporate Governance and Audit Committees
- Chapter 5: Audit Firms and the Audit Market
- Chapter 6: Changes in the Legal Environment
- Chapter 7: Regulating the Auditing Profession
- Chapter 8: Audit Markets in the European Union: Regulation in Belgium, Germany and the Netherlands
Part II: Forming an Audit Opinion
- Chapter 9: The Auditing Practices Board and Auditing Standards in the UK
- Chapter 10: Audit Reports
- Chapter 11: Developments in Audit Approaches: From Audit Efficiency to Audit Effectiveness?
- Chapter 12: The Audit Process in Practice
- Chapter 13: Audit Risk and Sampling
- Chapter 14: Audit Automation: Improving Quality or Keeping up Appearances?
Part III: Special Contexts