Auditing

This book isn't anything special compared to other Auditing textbooks. Like most, this book falls short in helping the student develop investigational skills needed in auditing and accounting practice in general. There are too many time consuming practice problems that leave the student wondering what they actually learned for all the work they had to do on the problem.

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In short, it's too thorough which makes studying this textbook a tough task. You don't know what's important and what's not. Though the general layout of the text is systemetic and unconfusing (definitely you won't find following the author's path difficult), the problem of this books comes from the author's ambition to include a lot in one book and failure to do so by dividing the content into more chapters/sub-chapters. This problem is particularly apparent in the later parts of the book, where different cycles of financial statements are analysed.
This is the comment I also heard among many of my fellows at the university. They all agree this is not a good textbook afterall.

To survive my tough auditing class, I used two different book of which the Loebbecke is truely the better choice. Thorough and understandable. However, the structure of the book is not in a logical order.

The authors did a great job in putting together all the essential elements in a logical order. Some ppl have difficulties in understanding the later part of this book because they don't have hands on experience in auditing. I used this book too when I was doing my undergrad degree in HK, this book was extremely terse to me at that time. But after spending few years in one of the Big 5 I find this book makes perfect sense to me right now. I am currently doing a PhD in accounting in the States, and I decide to buy this book (again) as a reference on my desktop.