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Principles of External Auditing (Record no. 22104)

MARC details
000 -LEADER
fixed length control field	09875nam a22001817a 4500
020 ## - INTERNATIONAL STANDARD BOOK NUMBER
ISBN	978-0-470-97445-2
082 ## - DEWEY DECIMAL CLASSIFICATION NUMBER
Classification number	657.45
100 ## - MAIN ENTRY--AUTHOR NAME
Personal name	Porter, Brenda
245 ## - TITLE STATEMENT
Title	Principles of External Auditing
250 ## - EDITION STATEMENT
Edition statement	4th
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Place of publication	Chichester:
Name of publisher	John Wiley & Sons,
Year of publication	2014
300 ## - PHYSICAL DESCRIPTION
Number of Pages	xx, 861p.: ill.; 24cm
500 ## - GENERAL NOTE
General note	TABLES OF CONTENTS:
505 ## - FORMATTED CONTENTS NOTE
Formatted contents note	About the Authors xi<br/><br/>Preface xiii<br/><br/>Structure of the Financial Reporting Council xvii<br/><br/>Glossary of Terms xix<br/><br/>1 What is Auditing? 1<br/><br/>1.1 Introduction 1<br/><br/>1.2 What is an audit? 2<br/><br/>1.3 Types of audit 3<br/><br/>1.4 Auditing vs Accounting 8<br/><br/>1.5 Why are external fi nancial statement audits needed? 8<br/><br/>1.6 Benefi ts derived from external fi nancial statement audits 11<br/><br/>1.7 Summary 18<br/><br/>Self-review questions 18<br/><br/>References 19<br/><br/>Additional reading 20<br/><br/>2 The Development of Auditing and Its Objectives 23<br/><br/>2.1 Introduction 23<br/><br/>2.2 Overview of the development of company auditing 23<br/><br/>2.3 Development of auditing in the period up to 1844 26<br/><br/>2.4 Development of company auditing 1844–1920s 27<br/><br/>2.5 Development of company auditing 1920s–1960s 32<br/><br/>2.6 Development of company auditing 1960s–1990s 36<br/><br/>2.7 Development of company auditing 1990s–present 39<br/><br/>2.8 Summary 51<br/><br/>Self-review questions 52<br/><br/>References 53<br/><br/>Additional reading 55<br/><br/>3 A Framework of Auditing Concepts 57<br/><br/>3.1 Introduction 57<br/><br/>3.2 Social purpose, postulates and framework for concepts of auditing 59<br/><br/>3.3 Concepts relating to the credibility of auditors’ work 60<br/><br/>3.4 Concepts relating to the audit process 70<br/><br/>3.5 Concept relating to auditors’ communication: reporting 86<br/><br/>3.6 Concepts relating to the standard of auditors’ performance 90<br/><br/>3.7 Summary 94<br/><br/>Self-review questions 95<br/><br/>References 95<br/><br/>Additional reading 98<br/><br/>4 Threats to, and Safeguarding of, Auditors’ Independence 99<br/><br/>4.1 Introduction 99<br/><br/>4.2 Threats to auditors’ independence 100<br/><br/>4.3 Steps taken by parliament and regulators to safeguard auditors’ independence 104<br/><br/>4.4 Other proposals to strengthen auditors’ independence 140<br/><br/>4.5 Role and responsibilities of audit committees 143<br/><br/>4.6 Summary 151<br/><br/>Self-review questions 152<br/><br/>References 153<br/><br/>Additional reading 157<br/><br/>5 Auditors’ Legal, Regulatory and Professional Responsibilities 161<br/><br/>5.1 Introduction 161<br/><br/>5.2 Reporting and auditing requirements of companies 165<br/><br/>5.3 Appointment, remuneration and removal of company auditors 181<br/><br/>5.4 Auditor–client relationship 189<br/><br/>5.5 Auditors’ duties and rights 191<br/><br/>5.6 Audit fi rms’ transparency reports and governance code 207<br/><br/>5.7 Summary 211<br/><br/>Self-review questions 212<br/><br/>References 213<br/><br/>Additional reading 216<br/><br/>6 Auditors’ Duties with Respect to Fraud and Non-compliance with Laws and Regulations 217<br/><br/>6.1 Introduction 217<br/><br/>6.2 Defi nition of fraud 218<br/><br/>6.3 Development of auditors’ responsibility to detect and report fraud 220<br/><br/>6.4 Auditors’ current responsibilities to detect and report fraud 229<br/><br/>6.5 Aggressive earnings management 241<br/><br/>6.6 Auditors’ responsibility to detect and report non-compliance with laws and regulations 242<br/><br/>6.7 Auditors’ duty of confi dentiality to their clients 250<br/><br/>6.8 Summary 253<br/><br/>Self-review questions 254<br/><br/>References 255<br/><br/>Additional reading 257<br/><br/>Appendix: Examples of fraud risk factors 258<br/><br/>7 Overview of the Audit Process, Audit Evidence, Staffing and Documenting an Audit 261<br/><br/>7.1 Introduction 261<br/><br/>7.2 Overview of the audit process 262<br/><br/>7.3 Clarification of some jargon 265<br/><br/>7.4 Audit evidence 271<br/><br/>7.5 Staffi ng an audit 277<br/><br/>7.6 Documenting an audit 289<br/><br/>7.7 Summary 306<br/><br/>Self-review questions 307<br/><br/>References 309<br/><br/>Additional reading 310<br/><br/>8 Commencing an Audit: Engagement Procedures, Understanding the Client and Identifying Risks 311<br/><br/>8.1 Introduction 311<br/><br/>8.2 Pre-engagement investigation 312<br/><br/>8.3 Audit engagement letters 320<br/><br/>8.4 Understanding the client, its business and its industry and how it evaluates its performance 325<br/><br/>8.5 Identifying and assessing risks of material misstatement in the financial statements 332<br/><br/>8.6 Analytical procedures 336<br/><br/>8.7 Summary 340<br/><br/>Self-review questions 341<br/><br/>References 342<br/><br/>Additional reading 342<br/><br/>9 Planning the Audit; Materiality and Audit Risk 345<br/><br/>9.1 Introduction 345<br/><br/>9.2 Phases of planning an audit 346<br/><br/>9.3 Impact of materiality on planning an audit 350<br/><br/>9.4 Desired level of audit risk (desired level of assurance) 362<br/><br/>9.5 Impact of audit risk on planning the audit 366<br/><br/>9.6 Summary 375<br/><br/>Self-review questions 377<br/><br/>References 377<br/><br/>Additional reading 378<br/><br/>10 Internal Control and the External Audit 381<br/><br/>10.1 Introduction 381<br/><br/>10.2 The accounting system 382<br/><br/>10.3 Conceptual aspects of internal control 385<br/><br/>10.4 Reviewing the accounting system and evaluating its internal controls 402<br/><br/>10.5 Developing the audit plan 411<br/><br/>10.6 Compliance testing 415<br/><br/>10.7 Reporting internal control deficiencies to management 419<br/><br/>10.8 Summary 420<br/><br/>Self-review questions 421<br/><br/>References 422<br/><br/>Additional reading 423<br/><br/>11 Testing Financial Statement Assertions: Substantive Testing 425<br/><br/>11.1 Introduction 425<br/><br/>11.2 Significance of substantive testing in the audit process 426<br/><br/>11.3 Objectives of, and approaches to, substantive testing 428<br/><br/>11.4 Substantive audit procedures 433<br/><br/>11.5 Requirements of auditors when misstatements are detected 441<br/><br/>11.6 Introduction to substantive testing of inventory and accounts receivable 443<br/><br/>11.7 Signifi cant aspects of auditing inventory 444<br/><br/>11.8 Signifi cant aspects of auditing accounts receivable 452<br/><br/>11.9 Initial engagements 462<br/><br/>11.10 Summary 463<br/><br/>Self-review questions 463<br/><br/>References 464<br/><br/>Additional reading 465<br/><br/>12 Audit Sampling and Computer Assisted Auditing Techniques (CAATs) 467<br/><br/>12.1 Introduction 467<br/><br/>12.2 Meaning and importance of sampling in auditing 468<br/><br/>12.3 Basic terminology relating to sampling 470<br/><br/>12.4 Judgmental sampling vs statistical sampling and sampling methods 472<br/><br/>12.5 Designing and selecting samples 474<br/><br/>12.6 Judgmental sampling 481<br/><br/>12.7 Statistical sampling of attributes and variables, and pps sampling 482<br/><br/>12.8 Following up sample results 490<br/><br/>12.9 Computer assisted audit techniques 491<br/><br/>12.10 Summary 495<br/><br/>Self-review questions 496<br/><br/>References 497<br/><br/>Additional reading 497<br/><br/>13 Completion and Review 499<br/><br/>13.1 Introduction 499<br/><br/>13.2 Review for contingent liabilities and commitments 501<br/><br/>13.3 Review for subsequent events 503<br/><br/>13.4 (re)Assessment of the going concern assumption 508<br/><br/>13.5 Written representations 520<br/><br/>13.6 Final review of the fi nancial statements 527<br/><br/>13.7 Evaluation of audit evidence gathered and formation of the audit opinion 530<br/><br/>13.8 Review of unaudited information 533<br/><br/>13.9 Final conference 537<br/><br/>13.10 Summary 537<br/><br/>Self-review questions 538<br/><br/>References 539<br/><br/>Additional reading 540<br/><br/>14 Auditors’ Reports to Users of Financial Statements and to Management 543<br/><br/>14.1 Introduction 543<br/><br/>14.2 Auditors’ reporting obligations under the companies act 2006 544<br/><br/>14.3 Format and content of audit reports 549<br/><br/>14.4 Types of audit opinion 564<br/><br/>14.5 Different forms of modifi ed audit opinion 566<br/><br/>14.6 Emphasis of matter and other matter paragraphs 576<br/><br/>14.7 The audit report – the auditor’s chance to communicate 580<br/><br/>14.8 Auditors’ communication with those charged with governance 590<br/><br/>14.9 Summary 603<br/><br/>Self-review questions 604<br/><br/>References 605<br/><br/>Additional reading 609<br/><br/>15 Legal Liability of Auditors 611<br/><br/>15.1 Introduction 611<br/><br/>15.2 Overview of auditors’ legal liability 612<br/><br/>15.3 Auditors’ contractual liability to their clients 615<br/><br/>15.4 Liability to third parties under the common law 622<br/><br/>15.5 The effect of out-of-court settlements 661<br/><br/>15.6 Summary 663<br/><br/>Self-review questions 663<br/><br/>References 664<br/><br/>Additional reading 666<br/><br/>Appendix 1 667<br/><br/>Appendix 2 669<br/><br/>16 Avoiding and Limiting Auditors’ Liability 673<br/><br/>16.1 Introduction 673<br/><br/>16.2 Importance of, and responsibility for, quality control of audits 675<br/><br/>16.3 The profession’s measures to secure high quality audits 676<br/><br/>16.4 Regulators’ measures for securing high quality audits 689<br/><br/>16.5 Proposals for limiting auditors’ liability 708<br/><br/>16.6 Summary 720<br/><br/>Self-review questions 721<br/><br/>References 722<br/><br/>Additional reading 725<br/><br/>17 Corporate Responsibility Reporting and Assurance 727<br/><br/>17.1 Introduction 727<br/><br/>17.2 Development of corporate responsibility reporting 729<br/><br/>17.3 Why do companies publish corporate responsibility reports? 733<br/><br/>17.4 Corporate responsibility reporting guidelines 743<br/><br/>17.5 Corporate responsibility assurance engagements 746<br/><br/>17.6 Why do some companies have their corporate responsibility reports independently assured while others do not? 763<br/><br/>17.7 Relevance of corporate responsibility issues to external financial statement audits 766<br/><br/>17.8 Summary 772<br/><br/>Self-review questions 773<br/><br/>References 774<br/><br/>Additional reading 777<br/><br/>Appendix: Brief descriptions of ‘responsible investment’ indices 777<br/><br/>18 The Audit Expectation-Performance Gap and Proposals for Reforming the External Audit Function 783<br/><br/>18.1 Introduction 783<br/><br/>18.2 The audit expectation-performance gap 784<br/><br/>18.3 Overview of proposed reforms following the global financial crisis 798<br/><br/>18.4 Enhancing auditors’ reporting responsibilities 799<br/><br/>18.5 Audit market concentration and strengthening auditors’ independence 816<br/><br/>18.6 Emergence of competition from china 837<br/><br/>18.7 Inherent conflicts in the current audit model 839<br/><br/>18.8 Summary 841<br/><br/>Self-review questions 842<br/><br/>References 843<br/><br/>Additional reading 849<br/><br/>Index 851<br/>
700 ## - ADDED ENTRY--PERSONAL NAME
Personal name	Simon, Jon
700 ## - ADDED ENTRY--PERSONAL NAME
Personal name	Hatherly, David
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Koha item type	Books

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Collection code	Permanent Location	Current Location	Shelving location	Date acquired	Source of acquisition	Full call number	Accession Number	Price effective from	Koha item type
Non-fiction	IFM Main Campus Library	IFM Main Campus Library	Work Room processing	10/21/2025	Purchase	657.45 POR	0000030546	10/21/2025	Books
Non-fiction	IFM Main Campus Library	IFM Main Campus Library	Work Room processing	10/21/2025	Purchase	657.45 POR	0000030548	10/21/2025	Books
Non-fiction	IFM Main Campus Library	IFM Main Campus Library	Work Room processing	10/21/2025	Purchase	657.45 POR	0000030547	10/21/2025	Books