This book provides a sound basis for the study of auditing for the above

bodies’ examinations and also for the examinations of the Institute of Internal

Auditors (IIA) and of the Chartered Institute of Public Finance and Accountancy

(CIPFA).

The book will be suitable for studies of auditing at degree level.

Since the fourth edition of this book was published, the International Auditing

and Assurance Standards Board (IAASB) has redrafted the International Standards

on Auditing (ISAs) and the International Standard on Quality Control

(ISQC1). These were redrafted to improve their clarity under the terms of the

Clarity project. IAASB has also issued a Glossary of Terms and the Preface to

the International Standards on Quality Control, Auditing, Review, Other Assurance

and Related Services. IAASB is one of the independent standard-setting

boards of the International Federation of Accountants (IFAC). This fifth edition

contains references to the newly clarified standards and also, where appropriate,

to the clarified ISAs (UK and Ireland) published by the Auditing Practices

Board (APB). The ISAs are designed to support the auditor in obtaining reasonable

assurance in forming their opinions.