Principles of Auditing and Other Assurance Services, 15/e
O. Ray Whittington,
DePaul University Kurt Pany,
Arizona State University
ISBN: 0073010847 Copyright year: 2006
What's New
Comprehensive coverage of the effects of the Sarbanes Oxley Act of 2002 on public company audits : Chapter 7 presents a concise summary that is suitable for the instructor who wishes to provide high level coverage of the changes, while chapter 18 presents detailed coverage. Chapters 7 and 18 incorporate both the Sarbanes Oxley Act requirements and those of PCAOB Standard No. 2 An Audit of Internal Control over Financial Reporting Performed in Conjunction with an Audit of Financial Statements .
CPA Exam simulations : The Auditing and Attestation section of the Uniform Certified Public Accountant Exam represents 4½ hours of the 14-hour CPA examination. It ordinarily consists of multiple choice questions and two condensed case studies referred to as simulations. To better prepare students for the exam, our text now includes
Four interrelated simulations included in the text problem material : These simulations are comparable in requirements to that provided by the AICPA and are included in the text itself. They are included in chapters 10, 11, 12 and 14.
Three additional inter-related simulations on the text's website : Two of the simulations are available to students, and all three to instructors. Because they are MS Excel based, they do not require the extensive computer downloads necessary for the AICPA simulation.
More multiple choice questions: The importance of multiple choice questions on the Uniform Certified Public Accountant Exam has led us to double the number of multiple choice questions at the end of each chapter.
Enhanced internal auditing coverage : Chapter 21 fully reflects the evolving role of internal auditors in the post-Sarbanes/Oxley world of corporate governance.
Updated compliance auditing coverage : Chapter 21 coverage of compliance auditing is updated using the input of Mr. Norwood J. Jackson, retired KPMG partner, formerly a member of the Auditing Standards Board and the Deputy Controller, Office of Federal Financial Management, United States Office of Management and Budget.
Fraud: Because fraud is such an important aspect, we've included a logo wherever we have significant coverage of this essential topic.
Possible second semester coverage : The great volume of coverage included in the text makes it ideal as the basis for not only a basic auditing course, but also for a major portion of a second semester (or quarter) course included in either a four or five year program.
Illustrative Cases are titled for easy reference .
2-color presentations highlight material in the illustrations
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2006 McGraw-Hill Higher Education