Principles of Modern Auditing (3rd Edition)

Author: Tang Zhongqi
Publisher:
Publishing Date: 2005-01-01
Features: Adhering to the stance, viewpoint, and methods of Marxism, and upholding the principles of "using the past for the present" and "using the foreign for the Chinese." It incorporates new achievements in contemporary auditing theory, reflects the latest developments in contemporary auditing practice, and draws on collective wisdom and diverse strengths as the guiding philosophy for the book's compilation. The content of the book is primarily focused on national auditing, while also covering social auditing and internal auditing. It follows the teaching principles of the auditing discipline, strives to embody the spirit of the "China Audit Standards" and the "Independent Audit Standards for Chinese Certified Public Accountants," and comprehensively and systematically elaborates and demonstrates the general principles, basic concepts, and fundamental methods of modern auditing. Each chapter includes review questions and references, enabling readers to review and conduct further research. Additionally, starting from the perspective of deepening theoretical research, the book includes a chapter titled "Audit Theory Structure" at the end; from the perspective of strengthening practical learning, it appends an article titled "Discovering and Handling Errors of the Auditee Unit" to provide readers with a pathway to continue exploring audit theory and deepen their understanding of audit practice.
"Modern Audit Principles" is one of the main professional courses required in the teaching plans of accounting and auditing majors, belonging to the nature of fundamental theoretical courses. It is also one of the main required or elective courses for finance and economics majors. The compilation of this book aims to meet these teaching needs while also serving as a reference for researchers and practitioners in audit theory and practice. With the further perfection of China's market economy system, the audit profession has increasingly demonstrated its important role in promoting reform and economic development, and the level of audit work has correspondingly improved, making steady strides toward the overall goal of transitioning from traditional to modern auditing. In recent years, the National Audit Office of China, the China Institute of Certified Public Accountants, and the China Internal Audit Association have successively formulated and issued the "Basic Audit Standards of the People's Republic of China," the "Independent Audit Standards for Chinese Certified Public Accountants," the "Basic Internal Audit Standards," as well as a series of specific standards and work specifications, accelerating the process of legalizing, standardizing, and scientificizing audit work in China. At the same time, significant achievements have been made in the construction of fundamental and applied audit theory. To adapt to this new situation in China's audit profession, we have appropriately added, deleted, and revised certain parts of "Modern Audit Principles" based on current audit laws, standards, systems, and the latest developments in audit theory. This third edition is published to meet the teaching needs of accounting and auditing-related majors in higher education institutions and to serve as a reference for audit theory and practice professionals.