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Synopsis

The easy way to master the art of auditing

Want to be an auditor and need to hone your investigatingskills? Look no further. This friendly guide gives you aneasy-to-understand explanation of auditing — from gatheringfinancial statements and accounting information to analyzing aclient's financial position. Packed with examples, it gives youeverything you need to ace an auditing course and begin a careertoday.

  • Auditing 101 — get a crash course in the world of auditingand a description of the types of tasks you'll be expected toperform during a typical day on the job

  • It's risky business — find out about audit risk and armyourself with the know-how to collect the right type of evidence tosupport your decisions

  • Auditing in the real world — dig into tons of samplebusiness records to perform your first audit

  • Focus on finances — learn how both ends of the financialequation — balance sheet and income statement — need tobe presented on your client's financial statements

  • Seal the deal — get the lowdown on how to wrap up youraudit and write your opinion

  • After the audit — see the types of additional servicesthat may be asked of you after you've issued your professionalopinion

Open the book and find:

  • A day in the life of an auditor

  • Who gets audited and why

  • Professional standards and ethics

  • How to assess audit risk

  • Tips on collecting and documenting audit evidence

  • The best way to get to know your client

  • Auditing practices for every business angle (revenue, purchases,personnel, and more)

  • What you'll need to complete the audit

Learn to:

  • Understand the concepts and theories of auditing

  • Conduct internal and external audits

  • Ensure accurate and correct records

  • Avoid fraudulent practices

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