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Published: 18 July 2019

848 Pages

ISBN: 9780190749040

Bookseller Code (AG)

This text is published by OUP Higher Education Division

Auditing Fundamentals in a South African Context

Second Edition

Content editor Pieter von Wielligh, Frans Prinsloo, Gerrit Penning, and Rika Butler

New to this Edition:

  • The text is thoroughly revised and updated to reflect recent regulatory developments and changes.
  • The second edition addresses the recommendations of the King IV Report on Corporate Governance, and introduces new discussions relating to governance principles. In particular, the text discusses non-compliance with laws and regulations, and issues related to the rotation and independence of auditors.
  • The text reflects the amended code of professional conduct introduced by the IRBA Committee for Auditor Ethics.
  • The second edition offers additional examples of substantive procedures, and provides explanation of how financial reporting standards and provisions of the Companies Act are applied when formulating substantive procedures.
  • The second edition includes a new appendix, which addresses basic systems and control theory, and the components and operation of computerised accounting information systems. This material will equip readers with a basic knowledge of these aspects in order to be able to (1) understand an IT system and the related controls in the role of an accountant or auditor and then to use this understanding to (2) assess risks arising from the IT system and related controls. The body of the text will include references to the appendix where appropriate.
  • Supporting student success and effective learning, the text's pedagogical value is enhanced with new examples and learning features, as well as student-driven, automated online formative assessment.

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