Publisher's Synopsis
The clearest, easiest-to-use guide to understanding GAAS 2013 on the market—fully updated! This latest resource to understanding generally accepted auditing standards (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 2013 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 (SASs), Wiley Practitioner's Guide to GAAS 2013 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, which are usually scattered throughout 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 2013 ! Detailed coverage of the AIPCA's Clarity Standards, including new objectives, definitions, highlights of critical changes, and illustrations Guidance on SAS 126, The Auditor's Consideration of an Entity's Ability to Continue as a Going Concern Guidance on SSAE 17, Reporting on Compiled Prospective Financial Statements When the Practitioner's Independence is Impaired Guidance on SSARS 20, Revised Applicability of Statements on Standards for Accounting and Review Services Coverage of PCAOB Auditing Standard 15, Audit Evidence And more
