The eleventh edition of Auditing provides a simplified but thorough approach to students understanding of auditing theory and practice. It clearly explains the key features of auditing in short, easily accessible sections to encourage effective learning.
The authors have sought to provide a comprehensive textbook with up-to-date research. Auditing has been completely updated to reflect recent changes in international standards, regulatory processes and corporate governance as well as developments in the field of auditing. The new edition is ideal for anyone studying modules in auditing at undergraduate or postgraduate level, or those preparing for professional examinations set by accounting bodies such as ACCA.
The late Alan Millichamp was a former examiner assessor in auditing and taught at the universities of Wolverhampton and Birmingham, the Open University Business School and in the private sector. John Taylor teaches at Leeds Metropolitan University on professional accounting courses. He was a professional auditor for many years and the former financial director of a PLC based in Leeds
1.Introduction to auditing - the why of auditing 2.Corporate Governance 3.The statutory framework for auditing 4.Accounting requirements of the Companies Act, 2006 5.Auditing and accounting standards and guidelines 6.Ethical standards and rules of professional conduct 7.Quality control in audit firms 8.Accepting appointment as auditors 9.Accounting systems and internal controls 10.Audit planning, audit risk and materiality 11.Audit evidence and using the work of an expert 12.Audit testing, sampling and analytical review procedures 13.Systems-based auditing 14.Business risk approach to auditing 15.The audit of assets 16.The audit of liabilities 17.Auditing and computers 18.Audit working papers 19.Internal audit 20.Errors, frauds and unlawful acts 21.Related parties 22.Use of service organizations 23.Subsequent events and going concern 24.Management representations 25.The final review stage of the audit 26.Auditors' reports to shareholders 27.Auditors' reports to directors and management 28.Group accounts 29.Auditors' liability 30.Review engagements and non-audit assurance assignments 31.Value for money, performance evaluation, environmental reporting and corporate social responsibility reporting assignments 32.Current issues