Summary
Contents
Subject index
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.
The Audit Process in Practice
The Audit Process in Practice
Introduction
The purpose of this Chapter is to provide an overview of the structure and stages the auditor goes through when carrying out an audit for an individual organization. Other Chapters have discussed many general issues about the role of auditing, and areas of debate as to how the auditor's responsibilities should be executed, for example the need for auditor independence and the nature of audit reporting. While these debates are of critical importance for the credibility and development of auditing, in practice the current objectives for a specific audit assignment must be derived from the legislation or other regulations under which the audit is required. Typically, financial audits start and end with the financial statements of ...
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