Book Description
Whittington/Pany’s Principles of Auditing, is a market leader in the auditing discipline and the only text in this market which uses the balance sheet approach (vs. the cycles approach). Until October 2002, Ray Whittington was a member of the Audit Standards Board and prior to Ray being on the ASB Kurt Pany was on the board. This has had a major impact on this revision of the text as Whittington has been involved in the audit standards creation process. Principles of Auditing presents concepts clearly and proactively monitors changes in auditing making the relationship between accounting and auditing understandable. The 15th edition maintains the organization and balance sheet orientation, while adding and enhancing topics of Risk, Assurance Services, Fraud, E-Commerce, and the latest auditing standards to meet the needs of the current marketplace.
Book Description
Messier employs the audit approach currently being used by auditing professionals. This approach is a direct result of the demands of Sarbanes-Oxley, which has changed the way auditors do their jobs. The approach emphasizes understanding the entity (i.e., the organization or business being audited) and its environment (i.e. industry), and then assessing the business risks faced by the entity and how management controls those risks. This audit process focuses on business processes instead of accounting cycles. This unique and innovative approach has been developed in response to changing market dynamics. The systematic approach, referred to in the subtitle of the text, reflects the early introduction of three basic concepts that underlie the audit process: materiality, audit risk, and evidence; this allows Messier to build upon this model in subsequent chapters. These are central to everything an auditor does and a unique feature of Messier. As such, this approach helps students develop auditor judgment, a vital skill in today’s auditing environment.
Customer Reviews:
All you need to know about auditing.......2007-05-28
Great book. All you need to know about auditing. Well structured, it provides a thorough overview of the main audit concepts in a very clear manner.
reader-friendly.......2007-05-17
Book is very easy to read and comprehend. Auditing can be a bit challenging and this book made it easy for me.
Book Description
Whittington/Pany’s Principles of Auditing, is a market leader in the auditing discipline and the only text in this market which uses the balance sheet approach (vs. the cycles approach). Until October 2002, Ray Whittington was a member of the Audit Standards Board and prior to Ray being on the ASB Kurt Pany was on the board. This has had a major impact on this revision of the text as Whittington has been involved in the audit standards creation process. Principles of Auditing presents concepts clearly and proactively monitors changes in auditing making the relationship between accounting and auditing understandable. The 15th edition maintains the organization and balance sheet orientation, while adding and enhancing topics of Risk, Assurance Services, Fraud, E-Commerce, and the latest auditing standards to meet the needs of the current marketplace.
Customer Reviews:
The Best Auditing Book Available.......2004-05-19
During the 16 years that I have taught Financial Auditing at the university level I have been constantly on the lookout for the best available book. I chose Whittington & Pany because (1) it is succinct, (2) it presents auditing concepts clearly (although the authors do sugar coat the accounting scandals of the past 20 years and fail to give credit where credit is due by naming the firms involved in them), (3) the page layout is attractive and easy to read, and most importantly (4) my students preferred it over other texts (one student told me that she chose my class after looking through the assigned texts for all of the Auditing sections, an excellent idea).
The current (15th ed.) has been brought up to date with a limited discussion of Sarbanes-Oxley and the PCAOB.
The material is obviously dry, but I found that it was possible to make my classes more interesting by incorporating newspaper accounts of the more egregious audit failures in the assigned readings, and by being honest about the arrogance, greed and stupidity that are all too typical of the accounting profession today. This practice has brought complaints by the local offices of the major firms, to which my department head replied that they are welcome to come speak to the classes to explain their side of the story. To date, they have not accepted the invitation.
Whittington and Pany ROCK!!!!!.......2001-05-08
Let me tell ya! What do you get when you combine Whittington, Pany, and Auditing? It's just a boatload of accounting fun!!! These guys know how to put together a book on auditing. This thing is a real page turner. Damn! Attestation really rocks but Assurance Services will just blow your mind. Even if your're not an accountant, this is a great read. I understand the 13th edition is already a red hot item, so grab a copy today before they're all sold out. This is the one book you'll definitely want to have with you if you're traveling and you have room in your back pack for just one book. Read it, then read it again and again. Seriously, you can't put this thing down. It's THAT good! You'll be talking about it with your friends and family for years to come. Can't wait for someone to turn this puppy into an offering for the big screen. That would be sweeeet!!!
Book Description
Principles of Auditing remains the #1 Principles of Auditing text using the balance sheet approach. Whittington/Pany presents concepts clearly and proactively monitors changes in auditing, making the relationship between accounting and auditing truly understandable. The 13th edition maintains the organization and balance sheet orientation, while adding and enhancing the timely topics of Attestation, Assurance Services, Fraud, Electronic Commerce, and the latest auditing standards to meet the needs of the current marketplace.
Book Description
The
undisputed #1 market leading book continues to be an innovative look at the most current changes and happenings in the auditing profession! Topics appear as they would during the audit planning and execution stage rather than as isolated pieces of information.
Fraud detection; integration of SECTION 404 of the Sarbanes-Oxley Act of 2002 and related SEC and PCAOB rulemakings; internal controls -- Internal Control and Control Risk.
For individuals interested in the auditing, accounting, and consulting fields.
Customer Reviews:
Good.......2007-01-29
This was a good review only in that it did not come with the workbook I needed for the class as well. If the workbook would have came with the book then I would have rated it a 5.
A great book.......2006-07-16
I have been an auditor for the last seven years and I can assure you that Prof. Arens book is excellent. Even if you have a working experience with audits you will find that this book is not the usual "text book"
Very good textbook.......2005-06-24
No textbook is really worth 5 stars, in my estimation, because that is reserved for books that actually entertain me! Textbooks seldom do that. However, this auditing text is pretty darn good.
Each chapter is packed with true case studies, which are all interesting. The actual text material is easy to understand and read. There are HOARDS of questions, simulations, etc. in the back of each chapter. And the online materials the come with it are good as well, including some basic videos.
I came into my auditing class with little knowledge of that specific subject. I felt I left it some weeks later with a good understanding (good enough to pass the Auditing portion of my CPA exam on the first go around). So if you're assigned this text for YOUR auditing class, be happy. It's pretty good, and won't put you instantly to sleep...not many texts can say that!!
Book Description
As a result of recent audit scandals such as Enron and Worldcom, several new auditing standards have been enacted, making currency one of the most important issues in this market. Upon publication, this text will be the most up-to-date auditing text on the market. It’s been written so that it is current with all issues inherent in accounting and auditing practice, particularly in public accounting firms including coverage of the creation of the Public Companies Accounting Oversight Board, the passage of the Sarbanes-Oxley Act, and all of the major pronouncements issued by the AICPA through Summer 2005.
The Louwers text is also a leader in fraud coverage and is accompanied by the Apollo Shoes Casebook--the only standalone FRAUD audit case on the market (available at the book's Online Learning Center).
The text is also designed to provide flexibility for instructors; the twelve chapters focus on the auditing process while the eight modules provide additional topics that can be taught at the instructor’s discretion without interrupting the flow of the text.
Book Description
As of its publication date, this text is the most up-to-date auditing text on the market. It's been written so that it is current with all issues inherent in accounting and auditing practice, particularly in public accounting firms including coverage of the creation of the Public Companies Accounting Oversight Board, the passage of the Sarbanes-Oxley Act, and all of the major pronouncements and exposure drafts issued by the AICPA through Summer 2003. It’s also a leader in fraud coverage and is accompanied by the Apollo Shoes Casebook, the only standalone FRAUD audit case on the market (available online on the text website). The text is also designed to provide flexibility for instructors; the twelve chapters focus on the Auditing Process while the eight modules provide additional topics that can be taught at the instructors’ discretion without interrupting the flow of the text.
Book Description
Messier employs the new audit approach currently being used by auditing professionals. This new approach is a direct result of the demands of Sarbanes-Oxley, which has changed the way auditors do their jobs. The new auditing approach emphasizes understanding the entity (i.e., the organization or business being audited) and its environment (i.e. industry), and then assessing the business risks faced by the entity and how management controls those risks. This new audit process focuses on business processes instead of accounting cycles. This unique and innovative approach has been developed in response to changing market dynamics. The systematic approach, referred to in the subtitle of the text, reflects the early introduction of three basic concepts that underlie the audit process: materiality, audit risk, and evidence; this allows Messier to build upon this model in subsequent chapters. These are central to everything an auditor does and a unique feature of Messier. As such, this approach helps students develop auditor judgment, a vital skill in today’s auditing environment.
Customer Reviews:
New method of presentation needs to be refined during the next edition.......2006-05-02
I have just finished a course that used this textbook. To me, it is clear that auditing has undergone a dramatic change. That is, this book lacks clarity and specificity.
My bias, however, is that I have a hard time believing that auditors are concerned with a bussiness' control environment and its understanding of management's response to risk factors.
Instead, I believe that auditors still need to spend time "verifying amounts and tracing journal entries to source documents." Those tasks seem monumental enough for an audit engagement.
I left the class wondering, "What do auditors do?" In conclusion, I am not sure that I could perform any audit procedures beyond bank reconciliations and confirmation letters after reading this book. Yet, I do have an understanding of the framework and justification for why we need auditors.
To the book's credit, I did learn how to assess risks, use the audit risk model, make preliminary judgments about materiality, and, in a general way, relate an audit procedure to the management assertion it is supposed to test.
If you want an epistemology of auditing, read this book. If you would rather begin learning how to do auditing, this book will not be helpful.
Customer Reviews:
Audit.......2006-06-25
Just like phony accounting, this audit book is written for accountants to read. Undergraduate students are required to read this book, but the content confuses you more when you continue to read. It is very bad organized and the concepts jump everywhere in the book.
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