Auditing: An International Approach

Book Summary

This text book offers a thorough exploration of auditing practices within a global context. The book begins with an introduction to the importance of auditing in ensuring the reliability of financial statements, positioning auditors as key players in maintaining financial transparency. It emphasizes the significance of auditors’ ethical and legal responsibilities, with a particular focus on international auditing standards like those set by the International Auditing and Assurance Standards Board (IAASB). The text dives into the crucial phase of audit planning, where auditors assess risks and design strategies tailored to the client’s specific environment. A major part of the book is dedicated to understanding and evaluating internal controls, which are essential for determining the accuracy and dependability of financial records. It then explores how auditors collect and analyze audit evidence, utilizing various procedures such as substantive testing, analytical review, and external confirmations to form their conclusions.

ISBN: 9780071051415

Authors

Wally J. Smieliauskas, Kathryn Kate Bewley