ISBN | Product | Product | Price CHF | Available | |
---|---|---|---|---|---|
Auditing: An International Approach |
9780273657736 Auditing: An International Approach |
91.80 |
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This new book analyses the role of external auditors in a rapidly changing environment and the need to expand their role beyond traditional financial statement audits. It presents external auditing in an innovative manner, with heavy emphasis on theoretical and international issues. The focus is on coverage of fundamental issues with regard to the framework and conceptual structure of auditing, rather than the details of traditional audit approaches. The book provides a carefully balanced presentation of auditing theory and practice.
This book is suitable for undergraduate and postgraduate students studying courses in auditing as a part of an accounting or business-related degree. It will also be of interest to practitioners, researchers and managers who are interested in current issues of auditing.
Contents
Preface
List of figures and tables
1. An introduction to auditing and assurance
Learning objectives
Introduction
Questions about the critical role of auditors
The nature and objectives of auditing
Recent changes in the audit environment
A theoretical approach towards auditing
Debating the historical perspective of auditing concepts
The demand for assurance services: An economic explanation
Attestation services
Concluding remarks
Review Questions
Discussion Questions
Bibliography
Notes
2. Demand for and supply of external audit services Learning objectives
Introduction
Debating audit expectations
Demand and supply of audit
Parties demanding financial statement information
The problem of “Information asymmetry”
The economics of information
Supply of financial statement information (mandatory and voluntary disclosures)
Factors affecting corporate financial disclosure
External auditors and supply and demand of financial information
Demand for auditing
Conditions creating demand for auditing
Theoretical explanations of the demand for audit services
Concluding remarks
Review questions
Discussion questions
Bibliography
Notes
3. Auditing, organization and governance
Leaning objectives
Introduction
Auditing and organizations
The economics of corporate governance
The governance malaise
Essential elements of corporate governance
Corporate governance and corporate reporting
External auditing and corporate governance as a multidisciplinary field
Concluding remarks
Review questions
Discussion questions
Bibliography
Notes
4. The audit committee, internal and external auditing
Learning Objectives
Introduction
Overview of governance mechanisms
An overview of audit committee and its place in corporate governance structure
Basic functions of the audit committee
Evolution of the role of the audit committee
Audit committee independence
Economic determinants of audit committee independence
Oversight role of the audit committee in corporate financial reporting
The relationship between the audit committee and internal auditing
Oversight role of the audit committee in the area of the company’s financial risks and internal control
The audit committee and independent auditors
Audit committee and compliance with laws and codes of conduct
Concluding remarks
Review questions
Discussion questions
Appendices
Bibliography
Notes
5. International Auditing and Assurance Services
Learning objectives
Introduction
Generally Accepted Auditing Standards in the US
The IFAC and the international harmonization of auditing standards
International Standards on Auditing (ISAs)
The role of the International Auditing Practices Committee in setting International Standards on Auditing
The role, composition, and objectives of the IAASB
The frameworkof International Standards on Auditing General principles of an auditThe International Standard on Assurance Engagements (ISAE 3000)
Principles and essential procedures for assurance engagements
Harmonization of accounting standards
Concluding remarks
Review questions
Discussion questions
Bibliography
Notes
Auditing: An International Approach
Bahram Soltani
The business world is changing rapidly, but recent corporate failures and scandals have demonstrated, in dramatic fashion, that auditing is lagging behind. Financial markets need, now more than ever, reliable auditing that delivers high quality information. For economies to operate effectively, investors need control over company executives.
Auditing: An International Approachtreats auditing as a whole discipline – the theory and the practice – rather than discussing only auditing techniques. This approach raises the essential question of what auditing ‘ought to be’ and how it should keep pace with change. The book discusses auditing concepts for a changing environment and how auditing is responding to public expectations. It analyzes the role of external auditors today as a vital part of decision making in the market economy and the need to expand their role beyond traditional financial statement audits.
Most importantly, the book presents external auditing in a new way, with a focus on fundamental, theoretical issues pertaining to the framework and conceptual structure of auditing on a global scale. This is balanced with a thorough and careful consideration of audit practices in the new millennium.
Features
The major feature of the book is its coverage of four fundamental areas in auditing: international issues including international standards, theoretical as well as practical aspects of auditing, major research work in auditing, and multidisciplinary topics. Unique in its extensive coverage of international, theoretical and multidisciplinary topics, the book aims at providing a clear understanding of the evolution of auditing in a changing environment. Each chapter includes:
Audience
The book has been created for advanced auditing and accounting courses (and business-related degrees) at upper undergraduate and post-graduate levels. With its extensive coverage of auditing and assurance services in today’s uncertain business environment the book should also be of interest to audit professionals, corporate managers, regulatory bodies, and researchers.
Bahram Soltani is Associate Professor of Accounting and Finance at the University of Paris I-Panthéon Sorbonne.