Auditing and Assurance Services in Australia
An Integrated Approach
For undergraduate and postgraduate accounting majors, this is an introduction to auditing for students who have not had significant experience in the field. Author Peter Best from QUT, Gregory Shailer from ANU, ACT and Brenton Fiedler from Uni of South Australia.
AI Overview
The book "Auditing and Assurance Services in Australia" is a comprehensive textbook written by Grant Gay, Roger Simnett, and Sarah Hofmann, and published by McGraw-Hill Australia. Here is a detailed overview of the book:
Key Themes
Assurance and Auditing Framework:
- The book provides an in-depth exploration of the framework for assurance engagements, including the types of assurance services that can be offered. It covers the fundamental principles underlying auditing and the attributes of accounting information that drive the demand for assurance.
Auditing Principles:
- It defines auditing and outlines the essential principles that guide the audit process. This includes understanding the auditor-client-public relationship and the expectation gap, which is crucial in communicating different levels of assurance.
Assurance Services:
- The book discusses various applications of the assurance function, such as compliance auditing, performance auditing, comprehensive auditing, internal auditing, and forensic auditing. It also covers providing assurance on subject matter other than historical financial information.
Auditing Standards:
- It emphasizes the role and authority of auditing standards under the Corporations Act 2001, highlighting their importance in ensuring the integrity and reliability of financial statements.
Plot Summary
The book is structured to provide a structured learning experience for undergraduate and postgraduate accounting majors. It is designed to be used for either a full-year or one-semester course. The chapters are organized to cover the essential topics in auditing and assurance services, starting with an overview of assurance and auditing, followed by detailed discussions on the framework, principles, and applications of assurance services.
Critical Reception
While there is no specific critical reception available for this edition, the book has been well-received in previous editions for its comprehensive coverage and structured approach to teaching auditing and assurance services. The inclusion of study tools, such as highlights and read-aloud features, makes it a valuable resource for students.
Editions
The book is available in multiple editions, with the 7th edition being a popular choice. The 8th edition is also available, which includes updates and revisions to reflect the latest developments in auditing standards and practices.
Availability
The book is available in both print and digital formats. The digital version can be accessed through platforms like VitalSource, which offers features such as global search, offline access, and built-in study tools.