ESCP Europe

In this market-leading introduction to the principles and practice of auditing, the authors provide a rational and coherent foundation for the subject, with an imaginative and realistic use of examples, questions and cases. The Audit Process: Principles, Practice and Cases provides a stimulating 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. from back cover.

Preface --- 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 judgment ---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, audit programmes --- 11. Sampling and materiality --- 12. Final work: general principles, analytical review of financial statements, fixed assets and debtors --- 13. Final work: specific problems related to stocks and long-term contracts and trade creditors --- 14. Final review: post balance sheet period, contingencies, letter of representation, audit of groups --- 15. Assurance engagement and internal audit --- 16. The auditor's report --- 17. Fraud and going concern --- 18. The audit expectations gap, corporate governance --- 19. The auditor and liability under the law --- 20. The radical critique of auditing --- 21. Examination hints and final remarks --- Index..