Basic audit

Author: Jiang Wu
Publisher:
Publish Date: 2003-07-01
Features: Fundamentals of Auditing (Second Edition) is a planned teaching material for vocational and technical colleges under the Ministry of Education. It was developed based on the Basic Requirements for Teaching of Fundamental Auditing Courses in Vocational and Technical Education formulated by the Ministry of Education. The second edition of the textbook has been revised according to the new Regulations on Corporate Financial Accounting Reports, Accounting Standards for Business Enterprises, Accounting Systems for Business Enterprises, and other relevant content. It has added case studies and exercises. This book elaborates on the basic theories, fundamental knowledge, and basic methods of auditing, as well as the fundamental skills of corporate auditing. The book is divided into ten chapters, including: General Introduction; Types, Methods, and Procedures of Auditing; Audit of Corporate Internal Control Systems; Audit of Corporate Financial Statements—Balance Sheet, Income Statement, Profit Distribution Statement, and Cash Flow Statement; Audit of Current Assets, Long-Term Investments, Fixed Assets, and Intangible Assets; Audit of Current Liabilities, Long-Term Liabilities, Contingent Liabilities, and Owners' Equity; Audit of Revenue and Cost of Goods Sold; Audit of Corporate Profits and Their Distribution, Bankruptcy and Merger Auditing; Audit Reports and Management Recommendations; Capital Verification. The book has a complete system, logical structure, clear hierarchy, and smooth language. Its content basically reflects the latest achievements in auditing theory and practice, embodies the fundamental requirements of China's auditing laws and standards, and is appropriately challenging and concise. It is characterized by being new, comprehensive, and practical, making it suitable for teaching fundamental auditing courses in accounting programs at vocational and technical colleges. It can also serve as a textbook for elective courses in economic and management disciplines, as well as for training and self-study in departments such as auditing, accounting, taxation, and finance.