This is simply due to the nature of auditing thus we

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Unformatted text preview: ill find the study of auditing to be much more conceptual in nature than your other accounting courses. This is simply due to the nature of auditing. Thus, we will periodically prompt you to “stop and think” about the concepts being discussed throughout the book. Seeking to thoroughly understand and apply principles as you read them will greatly improve your success in studying auditing. Learning auditing essentially helps you understand how to gather and assess evidence so you can evaluate assertions (or claims) made by others. This text is filled with the tools and techniques used by financial statement auditors in practice. You’ll find that the “tool kit” used by auditors consists of a coherent 26/05/11 9:24 PM Confirming Pages Chapter 1 An Introduction to Assurance and Financial Statement Auditing 5 logical framework, together with techniques useful for analyzing financial data and gathering evidence about others’ assertions. Acquiring this conceptual tool kit can be valuable in a variety of settings, includi...
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This note was uploaded on 12/08/2012 for the course ACCT 564 at Washington University in St. Louis.

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