External auditing and assurance. An Irish textbook by Christine NangleThis unique Irish textbook covers the entire audit process undertaken by independent external auditors, culminating in their independent auditor’s report. It is designed to inform students about the background to auditing and then lead them in detail through the practicalities of the auditing and assurance process.
External Auditing and Assurance: An Irish Textbook illustrates the context of the external auditing process as it relates to an entity's financial statements. The audit process is treated as a continuous discussion directly related to the final outcome, i.e. the auditor’s report, and the financial statements to which it refers. The specific audit procedures for each cycle in a set of financial statements are explained in detail, with worked examples that replicate the audit working papers and other documentation to complement this applied approach.
For this 4th Edition the text has been extensively updated to reflect the most recent ethical and auditing standards as issued by the IAASA and the FRC (as at 1 January 2022), including the new standards on quality management. Developments in the auditor's regulatory environment in both Ireland and the UK are explained, as well as relevant changes in company law and corporate governance.This edition also considers the wider issues affecting auditing, such as the impact of geopolitical events, and their implications for auditors.
Some key features of this new edition also include:
an extensively revised chapter on the application of data analytics, robotic process automation, artificial intelligence, blockchain and cloud computing and their impact on the audit;
an increased focus on professional scepticism and professional judgement;
a new chapter on non-audit engagements.