Auditing: A Practical Approach, 2nd Edition

ISBN: 9780730318583

Auditing: A Practical Approach, 2nd Edition gives you a step-by-step introduction into how an audit is conducted. To demonstrate key auditing concepts, the authors take you through an ongoing case study of a hypothetical client, Cloud 9, where you can see auditing principles being applied. A range of end-of-chapter problems are derived from the Institute of Chartered Accountants CA Program, which makes it suitable for undergraduate and postgraduate students. This text is clearly written and easily understood, and a valuable resource for any aspiring accountant.


  • 12 chapter table of contents ensures key audit process and methods are presented in a succinct and focused manner.
  • A selection of end-of-chapter problems are derived from the Institute of Chartered Accountants CA Program.
  • A flowchart begins each chapter providing an overview of the audit process, highlighting the stage covered in that chapter.
Robyn Moroney is an Associate Professor in the Department of Accounting at Monash University. With over 25 years’ academic experience, Robyn has previously held positions at The University of Melbourne, The University of Auckland, The University of New South Wales and La Trobe University.

Fiona Campbell is an Assurance Partner with Ernst & Young in Melbourne. Fiona has been client serving in the assurance practice since 1991 and has worked on audit clients in a variety of industries. She has considerable experience providing professional services to Australian and foreign-controlled companies.

Jane Hamilton is a Professor of Accounting at the Bendigo campus of La Trobe University, and previously held academic positions at the University of Technology, Sydney. Jane has over 20 years’ experience in teaching and has published the results of her auditing research in several Australian and international journals.

1. Introduction and overview of audit and assurance
2. Ethics, legal liability and client acceptance
3. Risk assessment I
4. Risk assessment II
5. Audit evidence
6. Gaining an understanding of the client’s system of internal controls
7. Sampling and overview of the risk response phase of the audit
8. Execution of the audit — testing of controls
9. Execution of the audit — performing substantive procedures
10. Substantive testing and balance sheet accounts
11. Substantive testing and income statement accounts
12. Completing and reporting on the audit
As part of Wiley’s ongoing commitment to higher education, the Wiley Affordability Program is dedicated to providing you with premium Wiley learning resources at an affordable price. We believe that every student has a right to access quality resources, no matter what your budget. Now, we are even better equipped than before to do what we do best; help teachers teach and students learn.
E-Text + iStudy: 9780730321170 –NO LONGER AVAILABLE
Textbook + iStudy: 9780730318583 –NO LONGER AVAILABLE
Australia CAANZ Pack: 9780730344377 –NO LONGER AVAILABLE