The Third Edition of this successful text includes extensive changes, based on feedback from students and lecturers. There is a discussion of auditing and the law beyond the issue of third-party liability; and more coverage of recent developments in audit methodologies and techniques. New chapters include a survey of developments in audit automation, a discussion of the nature and development of the audit market, both in the United Kingdom and the European Union, and an assessment of the impact on auditing of the Cadbury Report on corporate governance, with particular attention to the role of audit committees. Each chapter includes questions for discussion.
PART ONE: THE FRAMEWORK AND CONTEXT OF AUDITING
Debating Audit Expectations - Christopher Humphrey
Auditor's Responsibilities with Respect to Corporate Fraud - Brenda Porter
A Controversial Issue
Independence - Peter Moizer
Corporate Governance and Audit Committees - Paul Collier
Audit Firms and the Audit Market - Chris Pong and Stuart Turley
Changes in the Legal Environment - David Gwilliam
Regulating the Auditing Profession - Prem Sikka
Audit Markets in the European Union - Roger Meuwissen and Steven Maijoor
Regulation in Belgium, Germany and the Netherlands
PART TWO: FORMING AN AUDIT OPINION
The Auditing Practices Board and Auditing Standards in the UK - Roy Chandler
Audit Reports - David Hatherly
Developments in Audit Approaches - Andrew Higson
From Audit Efficiency to Audit Effectiveness?
The Audit Process in Practice - Mike Woodrow
Audit Risk and Sampling - Stuart Manson
Audit Automation - Stuart Manson, Sean McCartney and Michael Sherer
Improving Quality or Keeping up Appearances?
PART THREE: SPECIAL CONTEXTS
The Auditor and the Smaller Company - Michael Page
Auditing in the Financial Services Sector - John Tattersall
The Audit Commission - Vanessa Couchman
The Audit of Central Government - David Dewar
