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. Risk-Based 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. Auditor’s Reports to Shareholders
27. Auditor’s Reports to Directors and Management
28. Group Accounts
29. Auditor’s Liability
30. Review Engagements and Non-Audit Assurance Assignments
31. Public Sector Audit and Value for Money Auditing
32. Performance Evaluation, Environmental Reporting and Corporate Social Responsibility
33. Current Issues
Alan R. Millichamp
The late Alan Millichamp taught at the Universities of Wolverhampton and Birmingham, at the Open University Business School and in the private sector. He was a former examiner and assessor in auditing to the Association of Chartered Certified Accountants and was also a member of the examining panel of the ACCA.
John R. Taylor
John Taylor has taught accounting and auditing at Leeds Beckett University and was previously a professional auditor for many years. He is the author of various successful auditing, accounting and finance books and currently works as a freelance writer and lecturer in auditing, accounting and management.
New Real World Auditing example boxes illustrate challenging theory with relevant and notable cases of audit misconduct, such as Thomas Cook, Carillion and Patisserie Valerie.
A brand new chapter discussing public auditing explains this complex topic to students.
An updated exploration of digital auditing covers the place of IT and data analytics in the age of remote auditing.
Increased coverage of sustainability auditing, corporate social responsibility and ethics reflects the growing importance of these issues for future auditing professionals.
A wealth of new ACCA and CIMA-style questions are included, reflecting the exam requirements of professional examination bodies, and supporting exam preparation.
Detailed explanations and application of International Auditing Standards in feature boxes underpin changes in auditing standards.
Illustrative Real World Auditing examples from well-known companies bring complex theory to life.
Increased coverage on the Brydon Report, the rise of sustainability auditing, the challenges of remote auditing as well as data analytics highlight recent developments in the field.
Updated end-of-chapter assessment and self-testing questions allow learners to apply new concepts and prepare for exam success.
A fully updated companion website is available to support instructors, including PowerPoint slides, practice examinations and solutions to case studies, practice questions as well as examination questions.