"Audit: Workbook" is an in-depth guide aiming to educate both budding and experienced auditing professionals, delivering a comprehensive overview of key auditing concepts through 65 detailed chapters. Unlike many audit books that lean towards theory or practicality, this workbook seamlessly blends both, helping the readers understand not just the "How", but also the "Why" of each concept.
Starting from the bedrock of audit basics such as its cost, and objectives, the book springboards from simple to intricate aspects including the essence of the audit plan and uniqueness of each audit committee. Gradually, the reader comes to grasp more complex key components like the significance of the auditor-client relationship and every law that impacts it.
This workbook solicits a deep dive into international auditing, organising all essential knowledge of widely accepted procedures, including the General Accepted Auditing Standards (GAAS).
Intrinsic complexities such as audit scope, control procedures, and tests of controls don't elude this workbook's vicinity, transporting you through this labyrinth of concepts in simplistic terms.
Swiftly turning every page, you will meet a broad spectrum of auditing types from Sarbanes-Oxley Act audits, forensic audits to financial audits. You will become well acquainted with numerous audit procedures concerning balance sheets, income statements, and internal control systems. This broad spectrum hasn't gone wide at the cost of quality, though, where you'll find each chapter detailing their fundamentals, particulars, and most importantly - practical applications - concluding every chapter with a question-answer roundoff.
Every component, be it obscure notions like due diligence, audit evidence, compliance testing to more frequent audit aspects such as scope limitation, substantive procedures grow familiar, providing clarity and confidence. There is also an exploration into the evolving world of audit software and more. Special features of audit engagement, peer review, audit findings, management letters bring accented focus on synchronizing interdependent chapters - audit opinion and auditor's report.
