logo image
Print this page

A Manual on Audit 2nd Edition

A Manual on Auditby David Chitty and John McCarthy

A Manual on Audit, 2nd Edition, is an essential handbook for those audit practitioners who need guidance for themselves and their personnel. A customised text, which is easy-to-use, it considers the audit process sequentially, practically and in detail.

“As a practitioner I often feel that the regulations and their interpretation are changing too rapidly without consideration for the real life demands of practice or the clients I serve. This book helps to even the balance. It is easy to understand, quick to use and clear in its message. This is a book worth buying and keeping close by.” – Eamonn Leahy, FCA, Leahy & Co., Chartered Accountants

“I find the 2nd Edition of A Manual on Audit a great reference book for the constantly changing auditing requirements. I especially like the summary and detailed content listings as they allow me to quickly find the area that concerns me. The book is very thoughtfully laid out; it’s easy to use and covers all audit aspects in a clear concise manner. Well done. It is a ‘must buy’.” – Kevin Morris, FCA, FMB Chartered Accountants, Dublin

“This book is very well written in an easy to understand and apply format, where many other books on the audit process fail. The appendices are particularly useful and very relevant to current economic conditions. Every practice should keep a copy on the technical shelf!” – John Rogers, FCA, Dun Laoghaire

In five main parts, and over 29 chapters it covers:

  • The Background to Auditing
  • Audit Acceptance and Planning
  • Audit Execution
  • Audit File Review and Completion
  • Audit Reporting.

This book can:

  • be adopted by any firm as a statement of its procedures; or
  • used to support existing audit programmes; and
  • utilised as a learning medium for staff undertaking audit assignments.

For this 2nd Edition, the book has been substantially developed. It has also been fully updated for the latest Clarity ISAs and includes useful checklists on:

  • summarising the main changes that have been introduced by the 2009 ISAs;
  • going concern and credit crisis issues;
  • application of the ISAs in an SME audit;
  • common problem areas with related party transactions;
  • implementation of the Statutory Audit Directive in the Republic of Ireland.

The book also deals with the issues surrounding access to a predecessor auditor’s working papers which became law on 20 August 2010. It includes a sample of a typical paragraph to use in audit engagement letters to allow for some form of cost recovery by the predecessor auditor when facilitating this access.

Also included are some tips on how to add value to the audit process for clients, a chapter on auditors’ and directors’ respective duties and responsibilities, as well an expanded chapter on acceptance and continuance of audit assignments.

Price: €80

ISBN: 978-1-907214-86-8


The contents include:

Chapter 1 Background to Auditing

Chapter 2 Auditors’ Rights, Duties and Obligations

Chapter 3 Acceptance and Continuance

Chapter 4 Letters of Engagement

Chapter 5 Audit Planning

Chapter 6 Risk Assessment

Chapter 7 Materiality

Chapter 8 Quality Control

Chapter 9 Audit Documentation

Chapter 10 Documentation and Assessment of Accounting Systems

Chapter 11 Systems Examination and Testing

Chapter 12 Content, Form and Organisation of Accounting Records

Chapter 13 Audit Evidence

Chapter 14 Analytical Procedures

Chapter 15 Tests of Controls

Chapter 16 Substantive Testing

Chapter 17 Audit of Individual Account Areas

Chapter 18 Audit of Groups

Chapter 19 Audit of Taxation

Chapter 20 Sundry Audit Problems

Chapter 21 Audit File Review

Chapter 22 Going Concern Considerations

Chapter 23 Completion Procedures

Chapter 24 Form and Content of Audit Reports

Chapter 25 The Auditor’s Statutory Reporting Responsibility in Relation to Directors’ Reports

Chapter 26 Modifi ed Opinions

Chapter 27 Abridged Financial Statements (Section 18 of the Companies (Amendment) Act 1986)

Chapter 28 Accountants’ Report – Sole Traders, Partnerships and Audit Exempt Small Companies

Chapter 29 Reporting to the Director of Corporate Enforcement

Appendix A Main Revisions to the ISAs

Appendix B Application of the ISAs in an SME Audit

Appendix C Dealing with the Credit Crunch

Appendix D Implementation of the Statutory Audit

Directive in the Republic of Ireland

Appendix E Statement of Independence and Confidentiality and Confirmation of Fit and Proper Status

Appendix F Common Audit File Weaknesses


David Chitty is a partner in Crowe Clark Whitehill in London and International Accounting and Auditing Director at Crowe Horwath International. He has extensive audit and assurance experience with private and public companies and is chairman of the Crowe Horwath International accounting and assurance committee. He is a Council Member of the Institute of Chartered Accountants in England & Wales and is a member of the International Federation of Accountants Small and Medium Practices Committee. A well-known trainer of Irish accountants through his lifelong learning seminars, David lectures widely on auditing, financial reporting and regulatory matters and has written several books on the subject.

John McCarthy is a Fellow of Chartered Accountants Ireland, as well as a member of the Institute of Chartered Accountants in England & Wales and an AITI Chartered Tax Advisor (CTA). Formerly Director of Professional Standards at Grant Thornton, Dublin, where he was responsible for the regulatory, compliance and training areas, John now runs his own consulting firm, specialising in professional training, audit regulation, anti-money laundering, mediation and practice management. A regular presenter on practice management, succession planning, and compliance and audit/accounting technical matters, John has extensive experience in the provision of technical and strategic support to practising accountants.

For content information please contact the Publishing department on +353 1 637 7204. 


Order directly from Chartered Accountants Ireland by completing this form

or order from Gill & Macmillan by following the external link below:



For content information please contact the Publishing department on +353 1 637 7204. 

Your Brand book coverRecommended Reading
YOU® BRAND: Advance your Career by Building a Personal Brand
By Veronica Canning
A successful personal brand is a definer of career success. This book will inspire you, give you realistic advice and actionable strategies to build a remarkable personal brand that will move you to the next level.

Chartered Accountants House

Chartered Accountatns HouseChartered Accountants House, home of Chartered Accountants Ireland, is Dublin's newest and best equipped conferencing centre for business. Our facilities are now open and we invite you to visit.


Chartered Accountants Ireland Logo

Chartered Accountants House, 47 Pearse St, Dublin 2, Ireland

Tel: +353 1 637 7200

Chartered Accountants House, 32-38 Linenhall Street, Belfast, County Antrim BT2 8BG, United Kingdom‎

Tel: +44 28 90435840

CARB Logo GAA Logo




© Copyright Chartered Accountants Ireland 2015. All Rights Reserved.

Terms & Conditions | Privacy Policy | Cookies & your privacy

District Societies: Leinster | Ulster | Cork | London | Western | Mid-Western | North West | Australian