Focusing on auditing theory and practice, this book is tailored for students with little to no audit experience. It effectively integrates auditing concepts with prior coursework in financial, managerial, and systems accounting. Organized around balance sheet accounts, the text offers a clear, accessible method for understanding the risk assessment-based approach mandated by U.S. and international standards, making it a practical resource for learners in the field.
A presentation of auditing theory and practice. This edition, aimed at students with little auditing experience, uses case studies focusing on specific industries to illustrate concepts of auditing and the relationship between auditing and accounting.
The Second Edition of AUDITING continues to reflect the rapidly changing audit environment and is based on a transaction cycles approach to the auditing course. Pany and Whittington keep students at the forefront of auditing practices by incorporating cutting-edge coverage of internal control and operational auditing. Illustrative cases use actual business and accounting examples, and are industry based to demonstrate how outcomes vary across a variety of dynamic scenarios. In addition, International Auditing standards are discussed, where appropriate, in order to profile the growing importance of global markets.