Philomena Leung is Professor and Head of the School of Accounting, Economics and Finance at Deakin University, Melbourne. Paul Coram is a Senior Lecturer in the Department of Accounting and Business Information Systems at the University of Melbourne. Barry J. Cooper is Professor of Accounting at Deakin University. Peter Richardson is a lecturer at Deakin University.

Contents: 1. Auditing, assurance and the public accounting profession; 2. Professional ethics and conduct; 3. Auditor's legal liability; 4. Overview of the audit of financial statements; 5. The auditor's report; 6. Client evaluation and planning the audit; 7. Audit risk assessment; 8. Audit evidence and materiality; 9. Test of controls; 10. Designing substantive procedures; 11. Audit sampling; 12. Auditing sales and receivables; 13. Auditing purchases, payables and payroll; 14; Auditing inventories and property, plant and equipment; 15. Auditing cash and investments; 16. Completing the audit; 17. Reporting on financial reports; 18. Internal and public sector audit and assurance.