The Craft of Auditing

The Craft of Auditing: The Stuff You Actually Need to Learn Before Graduating employs conversational language, realistic examples, and real-world scenarios for class discussion to equip students with the information and skillsets needed in their future careers in auditing and related fields. The book's relatable nature and carefully created pedagogy makes it an excellent resource for in-person classes, distance learning, and the flipped classroom. The text is organized into 25 individual lessons. The opening lessons introduce students to auditing as a profession and as a business. Subsequent lessons cover the audit risk model, auditor independence requirements, and key phases of the process of auditing financial statements and internal controls over financial reporting (ICFR) with audit data analytics (ADA) and other contemporary audit methods. Students learn about accounting and transaction cycles, audit quality indicators, and significant threats to auditors. Closing lessons cover concluding audit procedures, issuing audit reports, and the psychological biases that are applicable to auditing. The Craft of Auditing is ideal for undergraduate courses in auditing, designed to well prepare students for the realities of the profession and for graduate programs in accounting and business.