The profession of Chartered Accountants is at a critical, challenging stage of its historical development, which is the result of specific historical evolution. According to the author, it is a transitional stage that will last for quite some time, while in the end, new balances will emerge at a more advanced level.

The rigorous processes of adjustment require rapid assimilation of new knowledge and acquisition of new skills. The implementation of the International Auditing Standards, which has recently been legislated, dramatically increases the responsibilities of auditors. Therefore, these standards must be understood and, to some extent, demystified.

In the book by Dimitris Dzanatos, the content of each standard is presented, and the way they are applied is explained. With 153 diagrams, this content becomes easily understandable. There are references to the historical course of auditing and ideas are expressed for technically addressing the complex requirements of the standards.

The purpose of the work is to serve as a tool for basic understanding of the auditing technique for every active auditor, as well as for anyone considering pursuing the profession.