Auditing (4th Edition)

Author: Qin Rongsheng, Lu Chunquan
Publisher:
Publish Date: 2005-07-01
Features: The Audit (4th Edition) retains its original core content while making significant revisions to its structure and chapter arrangement, resulting in a more rational overall framework. It also incorporates substantial updates on new knowledge, regulations, technologies, and methods, giving it a more modern touch. Specifically, the book has the following characteristics:
1. Up-to-date Content with Emphasis on Key Areas
Overall, the original chapters 8 to 13 discussed audit practices based on traditional accounting statement items. This arrangement was not conducive to absorbing systematic-oriented audit techniques and risk-oriented audit methods, nor was it efficient for conducting internal control compliance tests based on business cycles, which was time-consuming and difficult to improve audit efficiency. Therefore, in the 4th Edition, we adopt the internationally recognized method of auditing based on business cycles to discuss specific audit tasks, extensively using systematic-oriented audit techniques and fully incorporating risk-oriented audit techniques.
2. Balanced Theory and Practice with Forward-looking Perspective
This edition places greater emphasis on integrating audit theory, concepts, techniques, and methods with audit practice, transforming The Audit into a practical textbook that combines theory and practice. This promotes the advancement of audit practice in China. Objectively speaking, many accounting firms in China are still in the stage of financial statement-oriented auditing, with only a portion adopting systematic-oriented audit techniques. Knowledge of risk-oriented audit techniques is limited. Therefore, we have added Chapter 8, "Development of Audit Techniques and Methods," which elaborates on the evolution and content of audit techniques and methods, particularly providing a detailed introduction to risk-oriented audit. This makes the book more forward-looking.
3. Timely Application of Regulations with Practicality
In terms of regulatory application throughout the book, we have incorporated and referenced all new audit standards and revised Enterprise Accounting Systems and related accounting standards issued by March 2003. Notably, we adopt internationally recognized audit report formats and the latest research findings from international audit standards, along with specific application methods, illustrations, and tables. This enables readers to understand the requirements of the latest regulations and grasp new techniques, making the book highly practical.
4. Emphasis on Case Studies for Efficient Learning
"Reading thousands of books but being useless in practice" is a disheartening reality. To avoid this, each chapter discussing audit practice includes concise case studies with guiding methods, encouraging readers to think correctly and achieve twice the result with half the effort. When facing challenges in exams or practical work, knowing how to overcome and solve problems involves underlying principles and techniques. Beyond the book’s cases, the new edition of The Audit Review Notes and Exercises (4th Edition) collects numerous exercises, cases, and hints for solving problems. Thoroughly studying it will undoubtedly yield significant benefits.