Auditing A Practical Approach 3rd Australian Edition by Robyn Moroney

Auditing A Practical Approach 3rd Australian Edition by Robyn MoroneyBy: Robyn Moroney Publisher: John Wiley & Sons Australia Print ISBN: 9780730364573, 0730364577 other ISBN: 9780730326496, 0730326497 Edition: 3rd Copyright year: 2019PREFACEWelcome to the third edition of Auditing: A Practical Approach. This is not just another auditing text. Asthe title suggests, the resource focuses on how audits are conducted in practice. As authors, we bring ourdiverse experiences to this book to provide a very different approach to teaching and studying auditing.In addition to covering essential auditing topics, the text provides insights into how an audit is conductedand the issues that are of greatest concern to practising auditors.As each chapter unfolds, students are introduced to the various stages of an audit. Key auditing conceptsare addressed in a succinct manner making them understandable to all. To underpin this approach,each chapter begins with a diagrammatic depiction of the stages of an audit, with the current stage highlightedas we progress. The diagram provides a useful reference point to ground the discussion in eachchapter to the relevant stage in the audit process.To underpin our discussion of how an audit is conducted, we use a case study of a hypothetical client,Cloud 9. The discussion in each chapter is kept general, with our case study providing an example ofhow the general principles behind each audit may be applied in practice. By using this approach, studentsare provided a continuing example of how the concepts discussed may apply in practice.The Cloud 9 case study provides a flexible learning tool to be used within an auditing and assurancecourse. Details about Cloud 9 and its audit are provided in each chapter. These details provide an insightinto how an audit is conducted, the issues that auditors face at each stage of an audit, and the processesused to gather evidence and arrive at conclusions. The Cloud 9 case materials can form the basis forclass discussions, student role plays or online exchanges between students. At the end of each chapter,a case-study problem is set using Cloud 9 as a base. These problems can be used as part of the weeklytutorial program, or as an assignment for students to work on individually or in groups (or some combinationof the two).