Whittington/Pany is our market leader in the auditing discipline. While most textbooks use a cycles approach, Whittington/Pany enlists a balance sheet approach – making it particularly straightforward and user-friendly in addressing the auditing profession’s risk-based approach for financial statement audits as well as for integrated audits of financial statements and internal control. The 18th edition covers the latest auditing standards to meet the needs of the current marketplace. The authors are well connected – both Ray Whittington and Kurt Pany served as members of the Audit Standards Board, and Whittington recently completed his term as President of the Auditing Section of the American Accounting Association.
Product dimensions: 8.80 (w) x 10.90 (h) x 1.40 (d)
Meet the Author
Ray Whittington is chairman of the accounting department at San Diego State University, and received his Ph.D. from the University of Houston. He has also been the Director of Audit Research for the AICPA
Kurt Pany is a professor of accounting at Arizona State University, and received his Ph.D. from the University of Illinois. He has been the Director of Audit Research for the AICPA and remains an active member of the AAA.
1. The Role of the Public Accountant in the American Economy 2. Professional StandardsAppendix A International and U.S. Standards Comparison3. Professional Ethics4. Legal Liability of CPAs5. Audit Evidence and Documentation6. Planning the Audit; Linking Audit Procedures to RiskAppendix A Selected Internet AddressesAppendix B Examples of Fraud Risk FactorsAppendix C Illustrative Audit Case7. Internal ControlAppendix A Antifraud Programs and Control Measures8. Consideration of Internal Control in an Information Technology Environment9. Audit SamplingAppendix A Probability-Proportion-to-Size SamplingAppendix B Audit Risk10. Cash and Financial Investments11. Accounts Receivable, Notes Receivable, and RevenueAppendix A Illustrative Audit CaseAppendix B Illustrative Audit Case12. Inventories and Cost of Goods Sold13. Property, Plant, and Equipment: Depreciation and Depletion14. Accounts Payable and Other LiabilitiesAppendix A Illustrative Audit Cases15. Debt and Equity Capital16. Auditing Operations and Completing the Audit17. Auditors’ Report18. Integrated Audits of Public Companies19. Additional Assurance Services: Historical Financial Information20. Additional Assurance Services: Other Information21. Internal, Operational, and Compliance Auditing