Spicer's Practical Auditing

Includes index

Part 1 Auditing in perspective: what is an audit; why audit - the auditing environment; auditor behaviour - independence and ethics; liability and the duty of care; collecting audit evidence; reporting an audit opinion; planning and audit objectives; understanding the client's business; audit risk and materiality; inherent and internal control risk; other influences on audit planning; developing an audit strategy and audit programme; work scheduling and staffing the audit; tests of controls; substantive tests; audit sampling; auditing accounting estimates; computer-assisted audit techniques; execution and control; completion reviews; audit clearance procedures; management letters; going concern; consolidated financial statements; the new audit; suggested procedures for specific account balances.

This new edition is an up-to-date document of practice in a major firm and a practical guide to current accounting and auditing standards, their general principles and specific applications.