A Student's Guide to Auditing Practice
1st Edition
Published on 25. April 2025
Book
Paperback/Softback
816 pages
978-0-19-878706-8 (ISBN)
Description
The most practical text available: packed with case studies to highlight contemporary issues and taking a step-by-step approach through the process of an audit, this book will give students the confidence to take a critical approach to auditing in their accounting careers.
Blending technical and practical content, and underpinned throughout with case studies and examples to show how auditors make decisions in the real world, this text provides a clear guide to the realities of the profession alongside the theory. Students are also challenged to think more broadly about the value of auditing in society, how the profession operates, and about current developments in the field.
- Takes students step-by-step through the audit process
- 'Auditing scenarios' and 'auditing in practice' features enable students to understand the practical and real-world applications of the theory
- Includes a case study in every chapter with opportunities for readers to apply their knowledge to specific situations
- ISA extracts encourage students to apply regulations to practical examples
- Digital short form questions and discussion and application questions allow students to consolidate their learning and identify areas of weakness
Digital formats and resources
This text is available for students and institutions to purchase in a variety of formats: the e-book offers a mobile experience and convenient access along with short form and discussion and application questions, functionality tools, navigation features and links that offer extra learning support. For more information about e-books, please visit www.oxfordtextbooks.co.uk/ebooks .
Blending technical and practical content, and underpinned throughout with case studies and examples to show how auditors make decisions in the real world, this text provides a clear guide to the realities of the profession alongside the theory. Students are also challenged to think more broadly about the value of auditing in society, how the profession operates, and about current developments in the field.
- Takes students step-by-step through the audit process
- 'Auditing scenarios' and 'auditing in practice' features enable students to understand the practical and real-world applications of the theory
- Includes a case study in every chapter with opportunities for readers to apply their knowledge to specific situations
- ISA extracts encourage students to apply regulations to practical examples
- Digital short form questions and discussion and application questions allow students to consolidate their learning and identify areas of weakness
Digital formats and resources
This text is available for students and institutions to purchase in a variety of formats: the e-book offers a mobile experience and convenient access along with short form and discussion and application questions, functionality tools, navigation features and links that offer extra learning support. For more information about e-books, please visit www.oxfordtextbooks.co.uk/ebooks .
Reviews / Votes
This book uniquely brings together recent regulatory developments; traditional auditing practices and procedures; a blend of complimentary case studies to help the learners; recent technological developments and the impact on auditing practice; and end of chapter questions to consolidate learning. * Dr Muhammad Rafique, Associate Professor, Nottingham University Business School * A Student's Guide to Auditing Practice provides a highly practical approach, which is exactly what the students need. * Jenni Jaeaeskoe, University of Oulu * This well-written, student-focused book links the practicalities of undertaking audit fieldwork with academic theory and explains the historical context in which the work is performed in easy to understand terms. * Lisa Wakefield, Associate Professor, University of Leicester *More details
Language
English
Place of publication
Oxford
United Kingdom
Target group
College/higher education
Dimensions
Height: 247 mm
Width: 188 mm
Thickness: 40 mm
Weight
1370 gr
ISBN-13
978-0-19-878706-8 (9780198787068)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Persons
Lisa Weaver is a Fellow of the Institute of Chartered Accountants in England and Wales and Professor of Accounting at Warwick Business School. She has published a practitioner's guide on IFRS implementation and authored a number of online education courses for qualified accountants.
For over 20 years, Lisa has specialised in accounting education, from basic financial literacy to advanced courses on specialist topics in auditing, corporate governance, and financial reporting. Lisa is committed to excellence in teaching practice and to building the development of professional skills and competencies into academic teaching. Lisa has won several awards for her teaching, and is part of a team that has developed an educational business simulation incorporating aspects of financial reporting and sustainability which has been shortlisted for the prestigious Finance for the Future Awards. Although Lisa is UK based, she has worked in accounting education in many countries in the EU and further afield.
Steve Collings is a Director of Leavitt Walmsley Associates, a firm of Chartered Certified Accountants based in Warrington and Sale, where Steve trained and qualified. Steve specialises in UK and Ireland financial reporting, auditing, and Solicitors' Accounts Rules. Steve is the author of several books on UK and Ireland accounting standards, IFRS, and auditing.
Steve has served as a member of the UK and Ireland GAAP Technical Advisory Group at the Financial Reporting Council and currently represents the Northwest of England on the ACCA Practitioners Panel. In addition, Steve is a nationwide lecturer in the UK on financial reporting and auditing topics and has lectured in Barbados and Singapore.
Steve has received Outstanding Contribution to the Accountancy Profession from the Association of International Accountants and Accounting Technician of the Year at the British Accountancy Awards. Steve has also been highly commended by AAT for his work in the accountancy profession.
For over 20 years, Lisa has specialised in accounting education, from basic financial literacy to advanced courses on specialist topics in auditing, corporate governance, and financial reporting. Lisa is committed to excellence in teaching practice and to building the development of professional skills and competencies into academic teaching. Lisa has won several awards for her teaching, and is part of a team that has developed an educational business simulation incorporating aspects of financial reporting and sustainability which has been shortlisted for the prestigious Finance for the Future Awards. Although Lisa is UK based, she has worked in accounting education in many countries in the EU and further afield.
Steve Collings is a Director of Leavitt Walmsley Associates, a firm of Chartered Certified Accountants based in Warrington and Sale, where Steve trained and qualified. Steve specialises in UK and Ireland financial reporting, auditing, and Solicitors' Accounts Rules. Steve is the author of several books on UK and Ireland accounting standards, IFRS, and auditing.
Steve has served as a member of the UK and Ireland GAAP Technical Advisory Group at the Financial Reporting Council and currently represents the Northwest of England on the ACCA Practitioners Panel. In addition, Steve is a nationwide lecturer in the UK on financial reporting and auditing topics and has lectured in Barbados and Singapore.
Steve has received Outstanding Contribution to the Accountancy Profession from the Association of International Accountants and Accounting Technician of the Year at the British Accountancy Awards. Steve has also been highly commended by AAT for his work in the accountancy profession.
Content
1: Introduction to auditing
2: The regulatory framework
3: Corporate governance
4: The ethical framework
5: Quality management and auditor liability
6: Client and engagement acceptance
7: Audit planning - the objectives of audit planning and Understanding the Entity
8: Internal control
9: Evaluating the risk of material misstatement
10: Materiality and analytical review
11: Audit assertions and obtaining audit evidence
12: Other issues relating to audit evidence
13: Fraud and laws and regulations
14: Auditing assets
15: Auditing liabilities and equity
16: Auditing income and expenses
17: Auditing related parties, subsequent events, and going concern
18: Completing the audit
19: The auditor's report
20: The modified auditor's opinion
21: Communicating with management and those charged with governance
22: Group audit
23: Non-audit engagements
2: The regulatory framework
3: Corporate governance
4: The ethical framework
5: Quality management and auditor liability
6: Client and engagement acceptance
7: Audit planning - the objectives of audit planning and Understanding the Entity
8: Internal control
9: Evaluating the risk of material misstatement
10: Materiality and analytical review
11: Audit assertions and obtaining audit evidence
12: Other issues relating to audit evidence
13: Fraud and laws and regulations
14: Auditing assets
15: Auditing liabilities and equity
16: Auditing income and expenses
17: Auditing related parties, subsequent events, and going concern
18: Completing the audit
19: The auditor's report
20: The modified auditor's opinion
21: Communicating with management and those charged with governance
22: Group audit
23: Non-audit engagements