Auditing: Theory and Practice (Classic Reprint)

Master the modern practice of auditing with a practical, experience-driven approach. This classic work explains how auditing evolved from a focus on fraud detection to a broader role in business advice. It combines substantial practical guidance with a clear view of how contemporary audits should be planned and executed.This edition frames auditing as a constructive science that informs financial reporting and decision making. It discusses how to begin an audit, set responsibilities, and apply sound testing and documentation. The book also covers important topics like proper treatment of depreciation, sinking funds, and the relationship between operating costs and net profits.- Understand how audits add value beyond fraud detection, including protection for stakeholders and improved access to credit.- Learn how to begin and structure an audit, including defining responsibilities and planning work.- See practical discussions on depreciation, sinking funds, and the handling of operating expenses in financial statements.- Explore the auditor’s role as expert witness and the ethical and legal considerations in professional practice.Ideal for students and professionals seeking a clear, outcomes-focused guide to auditing theory and practice. Read more