Auditing (Third Edition) - Recommended Main Course Textbook for Economy and Engineering Majors by the Ministry of Education

Author: Qin Rongsheng Lu Chunquan
Publisher:
Publish Date: 2003-07-04
Features: The Auditing (Fourth Edition) retains the original core content while making significant revisions to the 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 features:
1. Up-to-Date Content with Emphasis on Key Areas
Overall, the original chapters 8 to 13 discussed auditing practices based on traditional accounting report items. This arrangement was not conducive to adopting systematic and risk-based auditing techniques, nor was it efficient for conducting compliance testing of internal controls based on business cycles, which was time-consuming and difficult to improve audit efficiency. Therefore, in the fourth edition, we present specific auditing practices using the internationally recognized method of auditing based on business cycles, extensively employing systematic auditing techniques and fully incorporating risk-based auditing techniques.
2. Balanced Theory and Practice with Forward-Looking Approach
This edition places greater emphasis on integrating auditing theory, concepts, techniques, and methods with practical auditing. This aims to transform The Auditing book into a practical teaching material that combines theory and practice, thereby advancing the development of auditing practices 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 auditing techniques. Risk-based auditing techniques are relatively unfamiliar. Therefore, we have added Chapter 8, "Development of Auditing Techniques and Methods," which provides a detailed discussion on the evolution and content of auditing techniques and methods, particularly focusing on risk-based auditing. This makes the book more forward-looking.
3. Timely Application of Regulations with Practicality
Regarding the application of regulations throughout the book, we have incorporated and referenced all new auditing standards and revised Enterprise Accounting Systems and related accounting standards issued by March 2003. We have also adopted internationally recognized audit report formats and the latest research findings from International Auditing 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 ten thousand books but failing to apply them in practice is a disheartening situation. To avoid this, we have included concise case studies in each chapter discussing auditing practices, along with guidance on how to think critically. This helps readers achieve twice the result with half the effort. When facing challenges in exams or practical work, overcoming difficulties often involves understanding underlying principles and techniques. In addition to the cases in the book, the new edition of The Auditing Review Summary and Exercises (Fourth Edition) collects a large number of exercises, cases, and hints for solving problems. Carefully studying this supplementary material will undoubtedly yield significant benefits.