1. Introduction to auditing – the why of auditing
2. Corporate Governance
3. The statutory framework for auditing
4. Accounting requirements of the Companies Act, 2006
5. Auditing and accounting standards and guidelines
6. Ethical standards and rules of professional conduct
7. Quality control in audit firms
8. Accepting appointment as auditors
9. Accounting systems and internal controls
10. Audit planning, audit risk and materiality
11. Audit evidence and using the work of an expert
12. Audit testing, sampling and analytical review procedures
13. Systems-based auditing
14. Business risk approach to auditing
15. The audit of assets
16. The audit of liabilities
17. Auditing and computers
18. Audit working papers
19. Internal audit
20. Errors, frauds and unlawful acts
21. Related parties
22. Use of service organizations
23. Subsequent events and going concern
24. Management representations
25. The final review stage of the audit
26. Auditors’ reports to shareholders
27. Auditors’ reports to directors and management
28. Group accounts
29. Auditors’ liability
30. Review engagements and non-audit assurance assignments
31. Value for money, performance evaluation, environmental reporting and corporate social responsibility reporting assignments
32. Current issues

Includes comprehensive coverage and analysis of the International Auditing Standards, to aid students in developing a thorough understanding. Provides a clear outline of all the relevant Financial Standards issued by the Accounting Standards Board to ensure students are fully up to date. Updated figures and diagrams provide students with a visual aid to comprehending challenging theories and developments. Updated figures and diagrams provide students with a visual aid to comprehending challenging theories and developments. All chapters have been reviewed and updated to reflect the current Auditing Standards New figures, diagrams and examples provide students with a visual aid to comprehending challenging theories and developments. End of chapter exercises have been thoroughly updated with new assessment questions enabling students to reinforce and practice what they have learned.