The Audit Process,
7th Edition

1. Why are auditors needed?
2. An overview of the postulates and concepts of auditing
3. Auditor independence
4. Audit regulation
5. An introduction to corporate governance
6. Risk
7. Evidence
8. Systems work basic ideas 1
9. Systems work basic ideas 2
10. Testing and evaluation of systems
11. Substantive testing, CAAT and audit programmes
12. Sampling and materiality
13. Final work: general principles and analytical review of financial statements, and management assertions on financial statement heading
14. Final work: non-current assets, trade receivables and financial assets
15. Final work: specific problems relating to inventories, construction contracts, trade payables and financial liabilities
16. Final review: post balance sheet period, provisions, contingencies, letter of rep.
17. Assurance engagements and internal audit
18. The Audit Report, including reporting on Corporate Governance
19. Fraud and going concern
20. The audit expectations gap and audit quality
21. The auditor and liability under the law
22. Issues in auditing
23. Examination hints and final remarks

• Iain Gray

  Iain Gray acquired extensive practical auditing experience with PricewaterhouseCoopers in Germany and Italy. He was for many years Principal Lecturer and Head of Auditing at Sheffield Hallam University and is formerly Chair of the Auditing Special Interest Group of the British Accounting and Finance Association.

• Stuart Manson

  Stuart Manson is a member of the Institute of Chartered Accountants of Scotland. He is presently a Professor of Accounting in Essex Business School at the University of Essex where he lectures on auditing and financial reporting. He has written a number of articles in academic journals and co-authored a number of research monographs in the areas of auditing and financial reporting.

• Louise Crawford

  Professor of Accounting, Newcastle University Business School, Newcastle University

• Thoroughly updated to reflect the latest international accounting, auditing and financial reporting standards.

• An extensively rewritten chapter on corporate governance, covering the basics as well as a detailed discussion of various auditing codes, provides a clear overview of the role of auditing in today's society.

• The coverage of ‘final work’ has been expanded beyond the general principles, giving students a sound understanding of the techniques employed by an auditor in analysing financial statements. A new chapter focusses on the analytical review of non-current assets, trade receivables and financial assets, describing how specific matters, such as risk assessment, relate to the audit of selected financial statement headings.

• New and updated questions, activities, margin notes and end-of-chapter questions to ingrain new principles and concepts.

• Extensive coverage of corporate governance, enabling students to understand the role that auditing plays as a means of accountability in organisations.

• Case studies in each chapter featuring a range of well-known companies demonstrate auditing principles in action and help students to apply what they have learnt in a real-world context.

• Numerous activities and discussion topics hone students' critical thinking skills and enhance their understanding of why auditing matters.

• Detailed end-of-chapter questions provide the opportunity for students to revise all topics thoroughly.

• Past examination questions from global professional accounting bodies including ACCA enable students to practice and prepare for exams.

Cengage provides a range of supplements that are updated in coordination with the main title selection. For more information about these supplements, contact your Learning Consultant.

Cengage eBook: The Audit Process 12 Months
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