External Auditing and Assurance (3rd Edition)

Available: In stock

This unique Irish textbook by Martin Nolan and Christine Nangle 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.

ISBN:  978-1-912350-03-2
Published:  07/09/2018
Format:  Paperback, 850 pages
Price: -   


Product type:  
Audit and assurance, Student texts
Who is this for:  Students
Edition:  3rd
Copyright date:  07/09/2018
Weight:   1.433 kg
Dimension:  189 mm X 246 mm
Audit, assurance, auditing and assurance, external audit, irish audit, student audit textbook

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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.


Introduction (including future developments in auditing and assurance)

Part I – The External Auditing and Assurance Environment

  1. External Auditing and Assurance
  2. Ethics and Corporate Governance
  3. Fraud and Compliance with Laws & Regulations

Part II – The Audit and Assurance Process: Planning and Controls

  1. The Audit Process
  2. Audit Acceptance and Planning
  3. Gathering Audit Evidence
  4. The Risk Assessment Process
  5. Controls and Control Testing
  6. Auditing in a Computerised Environment and e-Commerce
  7. Using the Work of Others

Part III – The Audit and Assurance Process: Substantive Procedures

  1. The Audit of Property, Plant and Equipment
  2. The Audit of Inventory
  3. The Audit of Revenue and Receivables
  4. The Audit of Bank and Cash
  5. The Audit of Investments
  6. The Audit of Purchases and Payables
  7. The Audit of Share Capital and Reserves

Part IV – The Audit and Assurance Process: Conclusion and Reporting

  1. Audit Completion Procedures
  2. Audit Reports
  3. Group Audits
  • Appendix A – Past Exam Questions Reference List (Chartered Accountants Ireland)
  • Appendix B – Large Company Ltd – Directors’ Report and Financial Statements
  • Appendix C – Suggested Solutions to Review Questions

For further information, contact publishing@charteredaccountants.ie or telephone on (+353) 01 637 7204

The Authors

Martin C. Nolan, B. Comm., MA, AITI, FCA is Director of Compliance and Professional Standards at Relate Software. Prior to this, Martin was Head of the Department of Accountancy and Professional Studies and Acting Head of the School of Business and Humanities at the Institute of Technology Tallaght in Dublin. He is an executive committee member of the British Accounting & Finance Association (Auditing Special Interest Group). He was examiner in auditing and assurance in the final exams (FAE) of Chartered Accountants Ireland and served on the Accounting Committee of the Institute. Prior to joining academia in 1994, Martin was senior manager in audit assurance at Deloitte, having also worked at manager level at Coopers & Lybrand (now PwC). He served his articles with Hayden Brown, Chartered Accountants. Martin has a special interest in, and extensive experience of, the not-for-profit/charity sector and engages at board and advisory level for a number of charities.

Christine Nangle BBS, ACA is the Head of the Department of Accounting, Finance and Professional Studies at the Institute of Technology Tallaght. Christine trained and qualified as a Chartered Accountant with Deloitte and subsequently worked in industry, including eight years with Coca-Cola Hellenic, where she was Head of Internal Audit and latterly Commercial Finance Manager. Christine is an executive committee member of the British Accounting & Finance Association (Auditing Special Interest Group) and a member of the Audit Committee for South Dublin County Council.