National Network for Equitable Library Service

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 Open the book and find: * A day in the life of an auditor * Who gets audited and why * Professional standards and ethics * How to assess audit risk * Tips on collecting and documenting audit evidence * The best way to get to know your client * Auditing practices for every business angle (revenue, purchases, personnel and more) * What you'll need to complete the audit Learn to: * Understand the concepts and theories of auditing * Conduct internal and external audits * Ensure accurate and correct records * Avoid fraudulent practices