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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- Auditor's report, ﬁnancial statement auditing