The Chapman & Hall Series in Accounting & Finance
3 total works
The corporate audit function is in a state of crisis. The credibility of the auditor's role of attesting the quality of disclosed financial statements is subject to intense public scrutiny. It is therefore especially timely to observe the corporate audit function, examining the conceptual foundations on which it is based, and the issues which arise from such a structure. This new textbook, from the author of "Company Auditing", reviews the contemporary role of the corporate auditor and analyzes the nature of auditors' behaviour and of audit practice. By introducing students to the theoretical aspects of corporate auditing from a number of angles, it sets the current crisis in corporate auditing in its proper context. The book adopts both an economic and a social perspective. It examines the corporate audit both as part of economic agency and as a professional activity. The approach is a mixture of "critical" and "uncritical" thinking.
This text attempts to draw together the ideas of cash flow accounting and exit value accounting in a unified system of reporting that is explained in simple terms. Providing a focus, it offers a model of reporting which can be used for further study, discussion and development. Many of the conventional ideas of financial reporting theory and practice are challenged, and order to reinforce the argument, the author makes continuous use of simple numerical examples. The text identifies the type of financial reporting relevant to the needs of various report users who are concerned with matters relating to entity liquidity and profitability. In the past more attention has been paid to the problems of financial reporters and auditors than to the needs of report users. This text aims to redress this imbalance. The book has been constructed as a series of related chapters, with the reader encouraged to build a complete understanding by following the progression of ideas set out by the author. This text should be of interest to advanced undergraduate students in accounting and finance, as well as professional accountants.