Publisher's Synopsis
For the fourth edition of this authoritative manual the text has been thoroughly updated and revised to take account of the issuance of new auditing standards and guidelines and the provisions of the 1985 and 1989 Companies Acts.;The book is intended for professional accountancy students, and provides a comprehensive and in-depth treatment of the theory and practice of auditing. Early chapters cover the objectives and principle characteristics of an audit, the rights and duties of the auditor and the choices as to the audit approach to be adopted. Guidance is also given on audit working papers and files. Later chapters examine the audit considerations relevant to the main classifications of asset and liabilities and to the profit and loss account. There is a separate chapter outlining the characteristics of different kinds of business and how these affect the application of audit procedures. As in previous editions the text recognizes that the auditing of computer-based accounting records has become the norm rather than the exception. The text also includes a chapter on investigations.;Extensive appendices contain examples of audit documentation including part of an internal control questionnaire for a computer-based system.;This book should be of interest to professional students who need a guide to the principles and practical applications of auditing or as a reference book for professional accountants.
