In November of 2001, the Texas-based energy giant, Enron, filed for bankruptcy amidst the scandal of institutionalized, systematic, and creative accounting fraud. The impact of this scandal has been felt worldwide. There have been radical changes in audit standards and the regulatory environment, as well as significantly revised expectations of the auditor's role in corporate governance and capital markets. Now, more than ever before, auditor's and their clients are faced with considerable risks. Developed with students in mind, Auditing: An International Approach is recognized for its balanced presentation of auditing concepts and processes. The fourth edition has been updated to reflect ongoing changes in the post-Enron environment, including expanded coverage of ethics, fraud, corporate governance, independence risk, the role of audit committees. It now also introduces the importance of a critical-thinking framework to help structure professional audit decision making and analysis in financial reporting.Auditing: An International Approach focuses on explaining the substance and operational meaning of Canadian auditing standards in the context of making audit decisions. International standards on Auditing are discussed as appropriate and specific, U.S. auditing standards are also reviewed when considered important in the Canadian environment. With Canadian auditing standards in the process of harmonizing with International Standards, this unique international perspective is more important than ever and brings students to the leading edge of auditing.Balanced, current, accurate, authoritative, and comprehensive, Auditing: An International Approach is your guide to the evolving world of auditing.