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.

Developments in Audit Approaches: From Audit Efficiency to Audit Effectiveness?

Developments in Audit Approaches: From Audit Efficiency to Audit Effectiveness?

Developments in audit approaches: From audit efficiency to audit effectiveness?


In relation to the external audit, perhaps the only constant thing is change. During the 1970s and 1980s auditors made enormous alterations to, and developments in, their audit methodologies. However, what has happened since then? Though the repercussions of the auditor's work are seldom out of the business news, there is very little publicly available information regarding the way that individual practices of registered auditors conduct their audits. Large firms' audit methodologies have been examined in the past (e.g. Cushing and Leobbecke, 1986; Higson, 1987; Turley and Cooper, 1991), but there is very little about what has been happening in the 1990s. In order to shed ...

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