,Principles of
Auditing &
Other Assurance
Services
2024 Release
O. Ray Whittington
CIA, CMA, CPA
DePaul University
Kurt Pany
CFE (RET), CPA (RET)
Arizona State University
,PRINCIPLES OF AUDITING & OTHER ASSURANCE SERVICES
Published by McGraw Hill LLC, 1325 Avenue of the Americas, New York, NY 10019. Copyright ©2024 by
McGraw Hill LLC. All rights reserved. Printed in the United States of America. No part of this publication may
be reproduced or distributed in any form or by any means, or stored in a database or retrieval system, without
the prior written consent of McGraw Hill LLC, including, but not limited to, in any network or other electronic
storage or transmission, or broadcast for distance learning.
Some ancillaries, including electronic and print components, may not be available to customers outside the
United States.
This book is printed on acid-free paper.
1 2 3 4 5 6 7 8 9 LWI 29 28 27 26 25 24
ISBN 978-1-266-85766-9
MHID 1-266-85766-4
Cover Image: littlewormy/Shutterstock
All credits appearing on page or at the end of the book are considered to be an extension of the copyright page.
The Internet addresses listed in the text were accurate at the time of publication. The inclusion of a website does
not indicate an endorsement by the authors or McGraw Hill LLC, and McGraw Hill LLC does not guarantee the
accuracy of the information presented at these sites.
mheducation.com/highered
, About the Authors
O. Ray Whittington
O. Ray Whittington, CIA, CMA, CPA, serves as a professor in the School Accountancy
and MIS at DePaul University. He received his BBA, MS, and PhD degrees from Sam
Houston State University, Texas Tech University, and the University of Houston, respect-
ively. Professor Whittington is an active textbook author on the subjects of auditing and
audit sampling. He also has published in a variety of journals, including The Accounting
Review, The Journal of Accounting Research, Behavioral Research in Accounting, and
Auditing: A Journal of Practice and Theory. He has served as a member of the Board
of Regents of The Institute of Internal Auditors and has served as chair of the Auditing
Standards Committee of the Auditing Section and the Bylaws Committee, both of the
American Accounting Association. Professor Whittington has served as a member of
the AICPA Auditing Standards Board and as the president of the Auditing Section of the
American Accounting Association.
Kurt Pany
Kurt Pany, CFE and CPA (RET), is Professor Emeritus of Accounting at Arizona State
University. He received his BS, MBA, and PhD degrees from the University of Arizona,
the University of Minnesota, and the University of Illinois, respectively. He also has
served as a staff accountant with Arthur Andersen and Touche Ross, as a member of
the Auditing Standards Board, and as an academic fellow with the American Institute of
Certified Public Accountants. Professor Pany has published articles on auditing in such
journals as The Journal of Accounting Research, The Accounting Review, Auditing: A
Journal of Practice and Theory, The Journal of Accountancy, and The CPA Journal.
He is a member of and has served on various committees of the American Accounting
Association and the American Institute of Certified Public Accountants.
iii
Auditing &
Other Assurance
Services
2024 Release
O. Ray Whittington
CIA, CMA, CPA
DePaul University
Kurt Pany
CFE (RET), CPA (RET)
Arizona State University
,PRINCIPLES OF AUDITING & OTHER ASSURANCE SERVICES
Published by McGraw Hill LLC, 1325 Avenue of the Americas, New York, NY 10019. Copyright ©2024 by
McGraw Hill LLC. All rights reserved. Printed in the United States of America. No part of this publication may
be reproduced or distributed in any form or by any means, or stored in a database or retrieval system, without
the prior written consent of McGraw Hill LLC, including, but not limited to, in any network or other electronic
storage or transmission, or broadcast for distance learning.
Some ancillaries, including electronic and print components, may not be available to customers outside the
United States.
This book is printed on acid-free paper.
1 2 3 4 5 6 7 8 9 LWI 29 28 27 26 25 24
ISBN 978-1-266-85766-9
MHID 1-266-85766-4
Cover Image: littlewormy/Shutterstock
All credits appearing on page or at the end of the book are considered to be an extension of the copyright page.
The Internet addresses listed in the text were accurate at the time of publication. The inclusion of a website does
not indicate an endorsement by the authors or McGraw Hill LLC, and McGraw Hill LLC does not guarantee the
accuracy of the information presented at these sites.
mheducation.com/highered
, About the Authors
O. Ray Whittington
O. Ray Whittington, CIA, CMA, CPA, serves as a professor in the School Accountancy
and MIS at DePaul University. He received his BBA, MS, and PhD degrees from Sam
Houston State University, Texas Tech University, and the University of Houston, respect-
ively. Professor Whittington is an active textbook author on the subjects of auditing and
audit sampling. He also has published in a variety of journals, including The Accounting
Review, The Journal of Accounting Research, Behavioral Research in Accounting, and
Auditing: A Journal of Practice and Theory. He has served as a member of the Board
of Regents of The Institute of Internal Auditors and has served as chair of the Auditing
Standards Committee of the Auditing Section and the Bylaws Committee, both of the
American Accounting Association. Professor Whittington has served as a member of
the AICPA Auditing Standards Board and as the president of the Auditing Section of the
American Accounting Association.
Kurt Pany
Kurt Pany, CFE and CPA (RET), is Professor Emeritus of Accounting at Arizona State
University. He received his BS, MBA, and PhD degrees from the University of Arizona,
the University of Minnesota, and the University of Illinois, respectively. He also has
served as a staff accountant with Arthur Andersen and Touche Ross, as a member of
the Auditing Standards Board, and as an academic fellow with the American Institute of
Certified Public Accountants. Professor Pany has published articles on auditing in such
journals as The Journal of Accounting Research, The Accounting Review, Auditing: A
Journal of Practice and Theory, The Journal of Accountancy, and The CPA Journal.
He is a member of and has served on various committees of the American Accounting
Association and the American Institute of Certified Public Accountants.
iii
