Auditing Theory and Practice in Malaysia

• Main Authors: Gul, Ferdinand A (Author), Nurmazilah Mahzan (Author)
• Format: Manuscript Book
• Language: English
• Published: Kuala Lumpur, Malaysia Wolters Kluwer 2015
• Edition: 2nd Edition
• Subjects: Auditing
• Online Access: Click Here to View Status and Holdings.

 Auditing: Theory and Practice in Malaysia has been written to provide a comprehensive explanation 'of auditing, a key area of accounting, It covers all the relevant and important topics in auditing This book gives an overview of auditing theory based on the ideas and concepts underlying agency theory, providing a history on the development of the profession as well as the auditing environment in Malaysia. It then proceeds to explain the entire audit process in a comprehensive but concise manner. Each stepof the audit process is covered in detail, from client acceptance and planning, documentation of internal controls and preliminary evaluations, compliance and substantive testing, up till the issuance of the audit report. Each of the important cycles is also covered in separate chapters to give the reader a clear iza of what is needed when auditing each cycle. This second edition includes all the amendments to the existing International Standards of Auditing (ISA) as well as the new lSA 701 Communicating Key Audit Matters in the Independent Auditor's Report which was adopted by the Malaysian Institute of Accountants in April 2015 and is effective for financial statements for períods ending on or after 15 Decenber 2016. This book has been written with accountancy undergraduates of Malaysian universities and colleges and students sitting for professional accountancy papers in mind. It also serves as an ideal reference for new accounting practítioners starting out in the auditing profession. About the authors: