English

Auditing

Auditing: Assurance Services and Ethics in Australia

11th Edition
By Alvin Arens, Chris Kandunias, Peter Best, Greg Shailer, Randal Elder, Mark Beasley, Chris Hogan

About This Book

This textbook provides a comprehensive overview of auditing and assurance services within the Australian regulatory and professional environment. It covers the fundamental principles of auditing, the audit process, professional ethics, legal liability, and the application of Australian Auditing Standards (ASAs).
Book Review | Amerbach
Auditing: Assurance Services and Ethics in Australia, 11th Edition, serves as a foundational resource for students navigating the complexities of the audit profession within the Australian context. The book systematically addresses the theoretical underpinnings of assurance services while maintaining a strong focus on the practical application of Australian Auditing Standards. By integrating international auditing frameworks with local regulatory requirements, the text provides a balanced perspective on the role of the auditor in contemporary financial markets. The scope of the book is extensive, covering the entire audit lifecycle from initial client acceptance and risk assessment to the formation of audit opinions and the reporting phase. A notable characteristic of this edition is its emphasis on professional ethics and the legal responsibilities inherent in the practice of auditing. The authors utilize a structured approach to explain how auditors identify, assess, and respond to risks, ensuring that students understand the logical progression of audit evidence gathering. The inclusion of case studies and real-world examples helps to bridge the gap between abstract auditing theory and the operational realities faced by practitioners. The book is specifically designed for undergraduate students enrolled in accounting programs, particularly those preparing for professional certification pathways. Its organization follows a logical flow that mirrors the audit process, making it an effective pedagogical tool for both instructors and students. The text is well-regarded for its clarity and its ability to synthesize complex regulatory information into accessible concepts. From an Amerbach perspective, this book occupies a central position in the study of Australian auditing. It is an essential reference for those seeking to understand the intersection of professional standards, ethical obligations, and the technical execution of audit engagements. By providing a rigorous examination of the subject matter, it equips students with the necessary knowledge to navigate the evolving landscape of assurance services effectively.

Academic Use

Auditing and Assurance Services courses

Who Is It For?

Accounting students pursuing professional accreditation

Table of Contents

  1. 1. The demand for audit and other assurance services
  2. 2. The public accounting profession and audit quality
  3. 3. Auditor legal liability
  4. 4. Audit responsibilities and objectives
  5. 5. Audit evidence
  6. 6. Audit planning and materiality
  7. 7. Assessing the risk of material misstatement
  8. 8. Assessing and responding to fraud risks
  9. 9. Internal control and COSO framework
  10. 10. Assessing control risk and reporting on internal controls
  11. 11. Audit of the sales and collection cycle
  12. 12. Audit of the acquisition and payment cycle
  13. 13. Audit of the payroll and personnel cycle
  14. 14. Audit of the inventory and warehousing cycle
  15. 15. Audit of the capital acquisition and repayment cycle
  16. 16. Audit of cash balances
  17. 17. Completing the audit
  18. 18. Audit reports
  19. 19. Other assurance and non-assurance services.