Auditing: An International Approach

Abstract

Contents Preface List of figures and tables 1. An introduction to auditing and assurance Learning objectives Introduction Questions about the critical role of auditors The nature and objectives of auditing Recent changes in the audit environment A theoretical approach towards auditing Debating the historical perspective of auditing concepts The demand for assurance services: An economic explanation Attestation services Concluding remarks Review Questions Discussion Questions Bibliography Notes 2. Demand for and supply of external audit services Learning objectives Introduction Debating audit expectations Demand and supply of audit Parties demanding financial statement information The problem of Information asymmetry The economics of information Supply of financial statement information (mandatory and voluntary disclosures) Factors affecting corporate financial disclosure External auditors and supply and demand of financial information Demand for auditing Conditions creating demand for auditing Theoretical explanations of the demand for audit services Concluding remarks Review questions Discussion questions Bibliography Notes 3. Auditing, organization and governance Leaning objectives Introduction Auditing and organizations The economics of corporate governance The governance malaise Essential elements of corporate governance Corporate governance and corporate reporting External auditing and corporate governance as a multidisciplinary field Concluding remarks Review questions Discussion questions Bibliography Notes 4. The audit committee, internal and external auditing Learning Objectives Introduction Overview of governance mechanisms An overview of audit committee and its place in corporate governance structure Basic functions of the audit committee Evolution of the role of the audit committee Audit committee independence Economic determinants of audit committee independence Oversight role of the audit committee in corporate financial reporting The relationship between the audit committee and internal auditing Oversight role of the audit committee in the area of the company's financial risks and internal control The audit committee and independent auditors Audit committee and compliance with laws and codes of conduct Concluding remarks Review questions Discussion questions Appendices Bibliography Notes 5. International Auditing and Assurance Services Learning objectives Introduction Generally Accepted Auditing Standards in the US The IFAC and the international harmonization of auditing standards International Standards on Auditing (ISAs) The role of the International Auditing Practices Committee in setting International Standards on Auditing The role, composition, and objectives of the IAASB The frameworkof International Standards on Auditing General principles of an audit The International Standard on Assurance Engagements (ISAE 3000) Principles and essential procedures for assurance engagements Harmonization of accounting standards Concluding remarks Review questions Discussion questions Bibliography Notes

Cite this work

No public copy is stored for this record, so only the metadata is cited.

Stored only when both papers are in the corpus — 95 citations exist upstream.