External Auditing and Assurance: An Irish Textbook

This 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 explains and illustrates the context of the external auditing process by relating it to an organisation’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. Substantial extracts from a set of financial statements are included to complement this applied approach. The text is designed with a user-friendly presentation and is written to enhance clarity. Numerous up-to-date, real-life examples are included to reflect current auditing and financial reporting standards, as well as wider issues in auditing, such as auditor’s liability. For this 3rd Edition, the significant developments of recent years in the auditor’s regulatory environment in both the Republic of Ireland and the UK are comprehensively explained for each jurisdiction. Accordingly, the text is fully updated to the International Standards on Auditing as issued by the IAASA and the FRC (as at 1 January 2018), as well as relevant changes in company law. In addition, the wider impact of the EU Audit Regulation and Directive on auditing standards and the auditing profession is covered in detail. Particular consideration has also been given to the implications of emerging technologies, such as ‘blockchain’ and artificial intelligence, for the auditing profession.