This book provides a comprehensive presentation of auditing theory and practice. It simplifies audit concepts often considered abstract or vague to many. Written in a clear, concise, and understandable manner, the book covers the often uncovered and daring area of forensic auditing and analyses the approach thereof. Additionally, it covers the use of blockchain in audit through several illustrations and examples, and would be of interest to students, academics, and even junior auditors.-- Provided by publisher Front Matter ....Pages i-xxi Front Matter ....Pages 1-1 Overview, History, and Overall Objectives of Auditing (Felix I. Lessambo)....Pages 3-16 The Audit Profession: The US Sarbanes-Oxley Act (Felix I. Lessambo)....Pages 17-33 The International Auditing and Assurance Standards Board (Felix I. Lessambo)....Pages 35-39 Generally Accepted Auditing Standards, Audit Planning and Engagement Quality Review (Felix I. Lessambo)....Pages 41-67 Other Engagements, Reports, and Accounting Services (Felix I. Lessambo)....Pages 69-89 Agreed-Upon Procedures (Felix I. Lessambo)....Pages 91-107 Professional Standards: Independence, Integrity, and Objectivity (Felix I. Lessambo)....Pages 109-124 Front Matter ....Pages 125-125 Audit Planning, Testing, and Materiality (Felix I. Lessambo)....Pages 127-151 Front Matter ....Pages 153-153 Audit Evidence and Documentation (Felix I. Lessambo)....Pages 155-182 Audit Risks: Identification and Procedures (Felix I. Lessambo)....Pages 183-202 Audit Sampling (Felix I. Lessambo)....Pages 203-214 Auditing Accounting Estimates, Including Fair Value Accounting Estimates (Felix I. Lessambo)....Pages 215-228 Related Party Transactions (Felix I. Lessambo)....Pages 229-238 Significant Unusual Transactions (Felix I. Lessambo)....Pages 239-245 Subsequent Events; and Going Concern (Felix I. Lessambo)....Pages 247-259 Reporting on Condensed Financial Statements, Selected Financial Data, and Supplemental Information (Felix I. Lessambo)....Pages 261-271 Consideration of Fraud and of Internal Control Over Financial Reporting Audit (Felix I. Lessambo)....Pages 273-288 Financial Statements’ Audit (Felix I. Lessambo)....Pages 289-307 The Integrated Audit Process (Felix I. Lessambo)....Pages 309-342 Audits of Group Financial Statements (Felix I. Lessambo)....Pages 343-358 Communications with Audit Committees (Felix I. Lessambo)....Pages 359-369 Audit Tools: Financial Ratios Analysis (Felix I. Lessambo)....Pages 371-394 Corporate Governance, Accounting, and Auditing Scandals (Felix I. Lessambo)....Pages 395-409 Auditor Legal Liability (Felix I. Lessambo)....Pages 411-445 Forensic Auditing (Felix I. Lessambo)....Pages 447-468 Back Matter ....Pages 469-494 This book provides a comprehensive presentation of auditing theory and practice. It simplifies audit concepts often considered abstract or vague to many. Written in a clear, concise, and understandable manner, the book covers the often uncovered and daring area of forensic auditing and analyses the approach thereof. Additionally, it covers the use of blockchain in audit through several illustrations and examples, and would be of interest to students, academics, and even junior auditors.-- Back cover
