Auditing has hit the headlines over recent years, and for all the
wrong reasons, and in today's environment, the result of negligent
auditing can be serious resulting in sizeable fines and even
withdrawal of audit registration which can be costly in terms of
fee income. Frequently Asked Questions in International Standards
on Auditing presents the relevant standards in a concise and
jargon-free way, enabling auditors to appreciate the reasoning
behind the standards and undertake audit work effectively. This
book focuses on the main areas of the auditing standards and also
addresses some key areas where audit firms are failing and which
have been flagged up by audit regulators. The FAQs cover the main
parts of each standard, and each question will be answered in a
practical context, with worked examples showing how the standards
are applied in real situations.
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