Table of Contents

PART I: STUDY CHAPTERS. 1. Why are Auditors Needed? 2. An Overview of the Postulates and Concepts of Auditing. 3. The Meaning and Importance of Auditor Independence, Factors Affecting Independence and Measures to Attain it. 4. Audit Regulation. 5. The Risk-Based Approach to Audit; Audit Judgment. 6. The Search For Evidence Explained. 7. Systems Work: Basic Ideas 1. 8. Systems Work: Basic Ideas 2. 9. Testing and Evaluation of Systems. 10. Substantive Testing; Computer Assisted Audit Techniques; Audit Programmes. 11. Sampling and Materiality. 12. Final Work: General Principles; Analytical Review of Financial Statements; Fixed Assets and Debtors. 13. Final Work: Specific Problems Related to Stocks and Long-Term Contracts and Trade Creditors. 14. Final Review: Post Balance Sheet Period, Contingencies, Letter of Representation, Audit of Groups. 15. Internal Audit; Assurance Services. 16. The Auditor's Report. 17. Fraud and Going Concern. 18. The Audit Expectations Gap; Corporate Governance. 19. The Auditor and Liability Under the Law. 20. The Radical Critique of Auditing. 21. Examination Hints and Final Remarks. PART II: EXAMINATION QUESTIONS AND ANSWERS. Group One: Examination Questions. Group Two: Suggested Solutions to Examination Questions. Group Three: Examination Questions Without Answers.