Audit and assurance / Philomena Leung, [and 4 others].

Includes index.

Auditing and governance -- Sustainability and contemporary assurance engagements -- Financial report audits -- Ethics and client evaluation -- Understanding the client and their risk -- Planning the audit in response in response to risk -- Testing controls -- Gathering substantive evidence -- Analytics in substantive procedures -- Completing the audit -- Reporting on the audit -- Regulations and audit liability.

"Audit and Assurance,2nd edition, is written for courses in auditing and assurance at undergraduate, postgraduate and professional levels. The practice of auditing is explained in the context of auditing theory, concepts and current practice, with appropriate reference to he Australian auditing standards and the respective international standards on auditing. Auditors play a vital role in the current economic environment, with increasing responsibility for ensuring market integrity. The development of auditing practice reflects how the accounting profession responds to the complex demands of information, competition, corporate failures and technology. Auditing continues to evolve in response to the changing business and regulatory landscape to maintain its relevance and importance. This text is a comprehensive guide to the development and practice of financial report auditing, with an authoritative insight into the fundamental role of auditors more broadly, and the contemporary influences on audit practice. This new edition has been refreshed with a strong focus on technology and contemporary assurance issues. Chapters and topics have been re-sequenced to reflect the practical process of conducting a financial report audit, while still retaining an important theoretical grounding, allowing students to understand why processes are the way they are so that they can be more adaptive and work-ready"-- Preface of the book.