A valuable resource for students preparing for certification, registered accountants and auditors, and financial personnel in various businesses, this is the 9th updated edition of a classic auditing text. Integrating theory with practice and application, it is up-to-date with the field's recent and gradual transition from self-regulation to external auditing and supervision.

In this modern world of large-scale business and industry, auditing has become an inevitable function. Auditing is a subject, the function of which is very important from the regulatory, economic and ethical points of view. The subject has undergone radical changes in the current globalised business world. This book, in the light of latest trends, highlights and explains the principles and practice of auditing and assurance in a simple and an easy-to-understand language. It also presents an up-to-date legal discussion on the subject. Beginning with an overview of the subject, the text discusses in detail the classification and preparation of an audit, procedures and techniques of auditing, internal control, internal check and internal audit, vouching, verification and valuation of assets and liabilities, and depreciation. Besides, it deals with reserves and provisions, capital and revenue, profits, audit of companies, and classes of investigation. The book concludes with a discussion on accounting and auditing standards, management audit, cost audit, tax audit, government audit and social audit. The textbook is primarily intended for the undergraduate students of Commerce. It will also be useful to those preparing for CA, ICWA and CS examinations. KEY FEATURES : Incorporates latest developments in auditing techniques. Discusses latest international and Indian auditing standards. Examines the impact of computerisation on audit approach. Gives chapter-end questions to test the students’ understanding of the concepts discussed.

Financial accounting, reporting and regulation is a vast subject area of huge global importance, with interest rising significantly in the light of the ongoing global financial crisis. The authors begin with a broad overview of the subject of accounting, setting the stage for a discussion on the theoretical and practical issues and debates regarding financial reporting, which are expanded on in the second part of the book. This includes how to define the reporting entity, recognition and measurement of the elements of financial statements, fair values in financial reporting and the costs and benefits of disclosure. The third part assesses the interest, need and theories behind the accounting, reporting and regulation industry, while parts four and five look at the institutional, social and economic aspects; with issues such as accounting for environmental management and, accounting regulation and financial reporting in Islamic countries, both issues of ever increasing importance. This authoritative Companion presents a broad overview of the state of these disciplines today, and will provide a comprehensive reference source for students and academics involved in accounting, regulation and reporting.

Loss Control Auditing: A Guide for Conducting Fire, Safety, and Security Audits is a one-stop resource for both developing and executing a loss control audit program. This fully updated second edition addresses loss control auditing from the perspectives of workplace safety, physical security, and fire risks. It focuses on the three core areas of an audit: documentation review, physical inspection, and employee interviews, and presents a three-phase model – pre-audit, audit, and post-audit activities – which can be used for all three core areas. This new edition benefits from the addition of auditing and system measurement material as promulgated in ISO 45001 and ANSI/ASSP Z10 standards and the Occupational Safety and Health Administration’s Recommended Practices for Safety and Health Programs. It offers an expanded discussion of the application of auditing to the field of emergency management and new text explaining how leading and lagging measures can be used in the auditing process during assessment as well as in the post-audit evaluation. Subsidiary organizations and their integration into the auditing process, such as the areas of contractor management and temporary worker safety are covered in detail. The book discusses the integration of qualitative and quantitative measures in an effort to arrive at a more holistic scoring mechanism to assess organizational performance. In all, the depth of material presented in this thorough book showcases how to develop and execute a loss control management system audit program to a high quality. An ideal read for industry professionals, students, and postgraduates in the fields of fire service, loss prevention, and safety management.

The explosion of data analytics in the auditing profession demands a different kind of auditor. Auditing: A Practical Approach with Data Analytics prepares students for the rapidly changing demands of the auditing profession by meeting the data-driven requirements of today's workforce. Because no two audits are alike, this course uses a practical, case-based approach to help students develop professional judgement, think critically about the auditing process, and develop the decision-making skills necessary to perform a real-world audit. To further prepare students for the profession, this course integrates seamless exam review for successful completion of the CPA Exam.