Auditing For Dummies

by Maire Loughran

The easy way to master the art of auditing Want to be an auditor and need to hone your investigating skills? Look no further. This friendly guide gives you an easy-to-understand explanation of auditing — from gathering financial statements and accounting information to analyzing a client's financial position. Packed with examples, it gives you everything you need to ace an auditing course and begin a career today.

Auditing 101 — get a crash course in the world of auditing and a description of the types of tasks you'll be expected to perform during a typical day on the job It's risky business — find out about audit risk and arm yourself with the know-how to collect the right type of evidence to support your decisions Auditing in the real world — dig into tons of sample business records to perform your first audit Focus on finances — learn how both ends of the financial equation — balance sheet and income statement — need to be presented on your client's financial statements Seal the deal — get the lowdown on how to wrap up your audit and write your opinion After the audit — see the types of additional services that may be asked of you after you've issued your professional opinion

Genres: Business, Accounting

554 pages, Kindle Edition

First published May 27, 2010

Reviews

[Lee Martens · Rating 4 out of 5]

Gives a very basic understanding on auditing.
Having studied business economics makes reading this book very easy to understand/follow. However it could have gone in more detail or offered more numeric examples on certain audit procedures. Just to offer the reader what to look for and how to spot material misstatements.
As a whole 'Auditing for dummies' has given me a clearer picture on the objectives of auditing, audit procedures & audit language, and certain sensitive areas in auditing to keep a look out for.

[Bernardo L · Rating 4 out of 5]

To everyone who has to deal with auditing this book gives very good insight without being too technical.
I enjoyed reading about a subject that is not easy to make captivating books about.
It will not allow you to perform an audit by yourself, but will allow you to undertand the whole picture a bit better.
I would recomend it if you as myself, are a beginner in this field.
Hope the review helps,
BL

[Frank Pray · Rating 3 out of 5]

You're asking a dummy for a review? Well, Okay. This book provides the kind of primer a non-accountant needs to dive into the fundamentals of reading financials and spotting the areas where more questioning may be needed to understand what's behind the numbers.

[Fredrick Danysh · Rating 3 out of 5]

A course on the principles and procedures for the layman from the For Dummies series of publications. It is easy to follow to read and understand and provides a basic understanding of accounting.

[Tom · Rating 2 out of 5]

For the most part, this book gives detailed, but mostly a high level look at Auditing. However, I don't think it's well written. Her examples are all female gender instead of gender neutral. If she this...or she did that. The author throws in way too many comments and is quite repetitive at times. (And she likes to throw these too many comments in parentheses.) Oh, and did I tell you she likes to repeat herself. Oh, and did I tell you she likes to repeat herself. Annoying, isn't it? If the author had omitted some of her commentary and repetitiveness, this book would have been 100 pages shorter and less tedious to read. Writing comments like "off-the-shelf accounting software is commonly joked about in CPA firms" is not only insulting, but a generalization. Suppose a small business owner who wanted to be audited for whatever reason needed to familiarize their self with Auditing purchased this book and happens to own Quickbooks. They would most likely not see the humor. I understand the intention is to "dumb down" the material, but there is a point to where it becomes hard to read. It's almost written on a middle school age level. She constantly refers to different parts of the book and some cases to the next paragraph, which becomes more distracting than helpful. If she was paid by the word, then I guess she was well paid. As I never took Auditing in college and plan to sit for the CPA Exam, I wanted a crash-course or quick overview before I plowed into the CPA review course. This was somewhat of a disappointment.

[Víctor Segovia · Rating 5 out of 5]

Finalmente, uno de mis logros ya concluídos. Leer un libro de mi carrera en inglés.

Desde que vi esta materia en el pregrado, sentí la curiosidad de saber un poco más sobre la misma. Y unido a que estuve muy cerca de tener un empleo relacionado con la misma materia, decidí que debía conocer ser más sobre el asunto.