This is a key textbook for specialist students of accounting and finance, either undergraduate or professional, taking a first course in auditing. In this third edition the authors continue to provide a refreshing, imaginative and thorough introduction to the audit process, with a rational and coherent foundation for the appreciation of auditing practice. The text is entirely brought up to date with changes post-Enron, with new auditing standards including IAS, and with changes in UK company law.