This innovative, easy-to-understand best-seller offers complete coverage of the entire audit process, taking the reader step-by-step through each audit cycle, then showing how each step relates to the process as a whole. Completely oriented to non-complex computerized accounting systems (rather than manual ones), this book significantly integrates information technology throughout all chapters. Coverage includes assurance services, the CPA profession, audit reports, professional ethics, legal liability, evidence, planning, documentation, materiality and risk, and the impact of information technology. For practicing auditors in the market for an excellent reference.
Here is the shortest way to approach to basic procedure of auditing and assurance services. Unlike F8 - ACCA lecture, the content of audit can be easily found on this book by a detailed, logical way of careful explanation and specific descriptions.
You will have a comprehensive overview of making an auditing process. Nevertheless, the author do help beginners plan each charted course and each careful step along the byway.
Practically, the procedure described in the book is essential for each auditor in order to have a right thinking about what an auditor need to do, and through it all, it will be defining the extension of the work and its importance in the auditing plan.
The book goes over the steps in the auditing process. Still would recommend having an instructor teach you through the book rather than just read it on your own. Some parts can be a bit vague for specific ways to calculate how you should choose to take a sample of documents to review. Overall, as a book meant specifically to teach and in comparison to other textbooks Ive had for auditing & accounting, its pretty good.