The first textbook based upon International Standards on Auditing (ISAs), this fully revised and updated fourth edition presents a structured approach to auditing principles using ISAs as its basis. The International Standards on Auditing are now widely regarded as the global benchmark for auditing standards and as such an important audit quality indicator.

This book describes the developments and practical use of all ISAs, as well as significant national standards in different countries. The new edition has been updated in line with International Standards and presents a truly International perspective. The book provides students with a real-world perspective as close to current auditing practice and thinking as possible.

Key features:
-Structure of the book following the four phases of the audit process -Coverage of the latest auditing insights including technology and automated tools & techniques (data analytics) -Updates of the most recent auditing & assurance standards, including ISA 315 and 540 -Highlighting the broader range of assurance engagements -Practice exam-style questions with end-of-chapter answers

This groundbreaking textbook redefines auditing education by seamlessly incorporating International Standards on Auditing (ISAs) and other IAASB assurance standards at its core, establishing a new paradigm in how auditing principles are taught. Recognized worldwide as the hallmark of auditing excellence, ISAs set the highest benchmarks for audit quality. This latest edition meticulously unfolds the evolution, application, and global integration of ISAs, alongside other assurance standards and key national frameworks, ensuring that the content remains at the forefront of international practices. It provides students with an extraordinary depth of insight into auditing and assurance, mirroring the very latest in contemporary practices and thought leadership.

Key highlights:

• Comprehensive exploration of the audit profession, essential concepts, the audit process across four stages, and specialized topics.
• Insight into the latest advancements in audit technology, including data analytics.
• Updates on the latest auditing and assurance standards, ensuring relevance and applicability.
• Expansion into a wide spectrum of assurance engagements, including a brand-new dedicated chapter on sustainability assurance.
• Practice questions styled like exams at the end of each chapter, facilitating effective review and learning.

With its global perspective and adherence to the latest standards, this textbook is an essential resource for students aspiring to excel in the dynamic field of auditing.