Publisher's Synopsis
The clearest, easiest–to–use guide to understanding GAAS 2005 on the market fully updated!
This latest resource to understanding GAAS addresses the toughest part of an accountant′s job identifying, interpreting, and applying the many audit, attest, review, and compilation standards relevant to a particular engagement. Wiley Practitioner′s Guide to GAAS 2005, the only reference written by the primary authors of the AICPA Statements on Auditing Standards (SASs), offers the accounting professional a clear, accessible distillation of the official language of those standards, Statements on Standards for Attestation Engagements (SSAEs), and Statements on Standards for Accounting and Review Services (SSARSs) as well as advice on exactly when and how to remain fully compliant with each. The only GAAS reference organized according to practitioners′ actual use of the Statements on Auditing Standards, Wiley Practitioner′s Guide to GAAS 2005 presents each statement individually, explaining how the standards are related and offering guidance on the entire engagement process in the form of practice notes, checklists, questionnaires, and real–world examples that illustrate how the fundamental requirements of each section are applied. Other key features include:
- A brief identification of each SAS, SSAE, and SSARS, with its effective date and tips on when to apply it
- A convenient and comprehensive glossary of official definitions that are usually scattered through–out a standard
- Behind–the–scenes explanations of the reasons for each pronouncement and brief explanations of the basic ideas of the section
- Concise listing and descriptions of each standard′s specific mandates
- Easy–to–read capsule summary of interpretations, plus selected AICPA practice alerts and advisories
- Helpful techniques for remaining compliant with each standard
New in GAAS 2005!
- SSARS No. 10, Performance of Review Engagements
- SSARS No. 11, Standard for Accounting and Review Services
- Summaries of
- PCAOB Auditing Standard No. 1, References in Auditors′ Reports to the Standards of the Public Company Accounting Oversight Board
- PCAOB Auditing Standard No. 2, An Audit of Internal Control Over Financial Reporting Performed in Conjunction with an Audit of Financial Statements
- PCAOB Auditing Standard No. 3, Audit Documentation
