The third edition of The Audit Process: Principles, Practice and Cases has been completely revised,including reworked chapters or sections on:

audit regulation

risk-based approach to audit

systems work

assurance services

corporate governance

criticisms and developments in a uditing

It covers the provisions of the Companies Act 1985 and provides detailed coverag of auditing standards issued by APB, together with references to equivalent international standards.

This clear well-structured and easy to follow textbook is designed for students doing both degree and professional courses in accounting. Its fnendlv approach, the margin notes and the numerous selfassessment questions make it an ideal tool for independent study. A new feature is the provision of a new set of self-assessment questions with answers available to tutors.

In this refreshing, imaginative and thorough introduction to the audit process, the authors provide a rational and coherent foundation for the appreciation of auditing practice. With the aid of numerous examples, case studies and questions,The Audit Process:Principles,Practice and Cases provides a realistic and thought-provoking insight into the individual components of the auditing process in’ the context of the entire audit. A major strength of the book is its questioning approach,designed to encourage the student to interact with the material.

The third edition of The Audit Process: Principles, Practice and Cases has been completely revised,including reworked chapters or sections on:

audit regulation

risk-based approach to audit

systems work

assurance services

corporate governance

criticisms and developments in a uditing

It covers the provisions of the Companies Act 1985 and provides detailed coverag of auditing standards issued by APB, together with references to equivalent international standards.

This clear well-structured and easy to follow textbook is designed for students doing both degree and professional courses in accounting. Its fnendlv approach, the margin notes and the numerous selfassessment questions make it an ideal tool for independent study. A new feature is the provision of a new set of self-assessment questions with answers available to tutors.

Acknowledgements

Preface

PART ONE STUDY CHAPTERS

1 Why are auditors needed?

2 An overview of the postulates and concepts of auditing

3 The meaning and importance of auditor independence

4 Audit regulation

5 The risk-based approach to audit: Audit judgement

6 The search for evidence explained

7 Systems work: Basic ideas 1

8 Systems work: Basic ideas 2

9 Testing and evaluation of systems

10 Substantive testing, computer-assisted audit techniques and audit programmes

11 Sampling and materiality

12 Finalwork: Generalprinciples, analytical review of financial statements, fixed assets and debtors

13 Final work: Specific problems related to stocks, long-term contracts and trade creditors

14 Final review: Post-balance sheet period, provisions, contingencies, letter of representation and audit of groups

15 Assurance engagements and internal audit

16 The auditors’ report

17 Fraud and going concern

18 The audit expectations gap and corporate governance

19 The auditor and liability under the law

20 Criticisms and developments in auditing

21 Examination hints and final remarks

PART TWO EXAMINATION QUESTIONS AND ANSWERS

Examination questions

Suggested solutions to examination questions

Index of case studies

Index of legal cases

Index