"The sixth edition, revised, has been updated to incorporate recent amendments to the auditing standards and ASIC regulations. 'Auditing and assurance services in Australia' 6e, revised, reimagines Gay & Simnett's highly regarded text for a new generation of learners. While continuing to provide students with the theoretical concepts they need to succeed, this edition features more practical examples and real-world applications to allow readers to immediately apply what they have learned. This revised sixth edition has been redesigned to be more visually engaging and includes almost three times the artwork of the fifth edition to help students better visualise processes. Combined with an expanded case study integrated throughout the text, all-new end-of-chapter exercises and a wealth of interactive, adaptive and mobile resources, 'Auditing and assurance services in Australia' 6e, revised, is the learning resource for today's auditing students." -- book cover.Includes bibliographical references and index.Includes index.Part 1. The auditing and assurance services profession -- 1. Assurance and auditing : an overview -- 2. Audit regulation, structure of the profession and auditor's liability -- 3. Ethics, independence and corporate governance -- Part 2. Planning and risk assessment -- 4. Overview of elements of the financial report audit process -- 5. Planning, understanding the entity and assessing business risk -- 6. Assessing inherent risk and other specific business risks -- 7. Understanding and assessing internal control -- Part 3. Response to assessed risks : tests of controls and tests of details -- 8. Tests of controls -- 9. Substantive tests of transactions and balances -- 10. Audit sampling -- Part 4. Completion and communication -- 11. Completion and review -- 12. The auditor's reporting obligations -- Part 5. Other assurance services -- 13. Other assurance services and advanced topics -- Online chapters -- 14. Internal auditing -- 15. Audit and assurance services in the public sector.