Modern Auditing & Assurance Services, 6th Edition

ISBN: 9780730315650

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Modern Auditing & Assurance Services, 6th Edition is written for courses in auditing and assurance at undergraduate, postgraduate and professional levels. This text covers auditing theory, concepts and current practice, with appropriate reference to Australian auditing standards.


  • Professional Environment vignettes highlight changes and some contextual information in the professional audit environment. These vignettes keep students up to date with recent trends, new developments and changes in technology that affect auditing and assurance services.
  • Learning Checks are presented in a number of blocks in each chapter, summarising the major points covered. These checks reinforce student learning and provide a basis for revision.
  • Chapter Openers present a summarised account of the main elements in each chapter, the learning outcomes and the relevant professional statements, thus providing readers with a broad contextual base from which to approach each chapter. Each chapter contains an easy-to-read scene setter that provides a lively ‘entrée’ to the topic.
Philomena Leung is Professor and Head of the Department of Accounting and Corporate Governance at Macquarie University, Sydney. She has had extensive teaching experience at tertiary and postgraduate levels for over 30 years, specialising in auditing, ethics and corporate governance. Prior to undertaking the role at Macquarie University, Philomena held senior academic positions at Hong Kong Polytechnic University at in Australia at Victoria University, RMIT University and Deakin University.

Paul Coram is Professor of Accounting and Head of the School of Accounting and Finance at the University of Adelaide. Paul has a Masters in Accounting from the University of Western Australia and a PhD from the Australian National University. He worked as an auditor and became a chartered accountant with one of the Big Four firms in Australia, also gaining work experience as an auditor in London.

Barry J Cooper is Professor of Accounting and Interim Head of the School of Accounting, Economics and Finance at Deakin University, Melbourne. He has a Bachelor of Commerce and a Master of Education from Melbourne University, a PhD from RMIT University and is a Fellow of CPA Australia and the Association of Chartered Certified Accountants (ACCA). During his academic career, Barry has undertaken a number of research projects in the area of auditing, ethics and accounting education.

Peter D Richardson is a manager with a public-sector organisation as well as a teacher of financial reporting and auditing to students preparing for the exams of the ICAA and CPA Australia. He has a Bachelor of Commerce (Hons) and is a member of the Institute of Charter Accountants in England and Wales. In 2006 he moved to Australia and joined Deakin University as a lecturer in accounting and auditing.

1. An overview of auditing
2. Governance and the auditor
3. Professional ethics, independence and audit quality
4. Other assurance engagements and quality standards
5. The auditor’s legal liability

6. Overview of the audit of financial reports
7. The auditor’s report
8. Client evaluation and planning the audit
9. Audit risk assessment
10. Materiality and audit evidence

11. Tests of controls
12. Designing substantive procedures
13. Audit sampling

14. Auditing sales and receivables
15. Auditing purchases, payables and payroll
16. Auditing inventories and property, plant and equipment
17. Auditing cash and investments

18. Completing the audit

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