The Audit Process: Principles, Practice and Cases
Year: 2015
Type: article
Abstract: 1 Why are auditors needed? 2 An overview of the postulates and concepts of auditing 3 The meaning and importance of auditor independence: factors affecting independence and measures to attain it 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 Final work: general principles, analytical review of financial statements, non-current assets and trade receivables 13 Final work: specific problems related to inventories, construction contracts and trade payables 14 Final review: post-balance sheet period, provisions, contingencies, letter of representation 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
Authors: I Gray, S Manson, Louise Crawford
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W1588718449