Wiley Practitioner's Guide to GAAS 2018: Covering all SASs, SSAEs, SSARSs, and Interpretations

  • 17h 18m
  • Joanne M. Flood
  • John Wiley & Sons (US)
  • 2018

The clearest, easiest-to-use guide to understanding all the clarified standards, including the new attestation standards—fully updated!

This comprehensive guide to understanding Generally Accepted Auditing Standards (GAAS) is not just about auditing. It addresses the toughest part of an accountant's job—identifying, interpreting, and applying the many audit, attest, review, compilation, and preparation standards relevant to a particular engagement.

Wiley Practitioner's Guide to GAAS 2018 offers a clear and accessible distillation of the official language of GAAS, Statements on Standards for Attestation Engagements (SSAEs), and Statements on Standards for Accounting and Review Services (SSARSs)—as well as advice on exactly how to remain fully compliant with each.

Wiley Practitioner's Guide to GAAS 2018 is organized according to the logical arrangement of the clarified standards, presenting each section individually, and explaining how it is related to the engagement process. Guidance is offered on the entire process, in the form of practice notes, checklists, questionnaires, and real-world examples, illustrating how the fundamental requirements of each section are applied.

Other key features include:

  • A brief identification of each auditing, SSAE, and SSARS section, with effective dates and tips on how to apply it
  • Highlights of new requirements in the clarified attestation standards
  • Concise listing and descriptions of each section's specific mandates, including definitions
  • Easy-to-read capsule summary of interpretations, plus selected technical alerts
  • Helpful techniques for remaining compliant with each standard

About the Author

Joanne Flood, MBA, CPA, Rockville Center, NY has accounting experience within both a Big 4 international firm and a small firm. She has worked as a senior manager in the AICPA's Professional Development group. Joanne received her MBA in Accounting Summa Cum Laude from Adelphi University.

While in public accounting, she worked on major clients in retail, manufacturing, and finance and on small business clients in construction, manufacturing, and professional services. At the AICPA, she managed the development and wrote courses in the accounting and auditing product line. She also wrote and produced training materials in a wide variety of media, including print, video, and audio, and pioneered the AICPA's elearning product line.

In this Book

  • AU-C 200 Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Generally Accepted Auditing Standards
  • AU-C 210 Terms of Engagement
  • AU-C 220 Quality Control for an Engagement Conducted in Accordance with Generally Accepted Auditing Standards
  • AU-C 230 Audit Documentation
  • AU-C 240 Consideration of Fraud in a Financial Statement Audit
  • AU-C 250 Consideration of Laws and Regulations in an Audit of Financial Statements
  • AU-C 260 The Auditor's Communication with Those Charged with Governance
  • AU-C 265 Communicating Internal Control Related Matters Identified in an Audit
  • AU-C 300 Planning an Audit
  • AU-C 315 Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement
  • AU-C 320 Materiality in Planning and Performing an Audit
  • AU-C 330 Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Evidence Obtained
  • AU-C 402 Audit Considerations Relating to an Entity Using a Service Organization
  • AU-C 450 Evaluation of Misstatements Identified during the Audit
  • AU-C 500 Audit Evidence
  • AU-C 501 Audit Evidence—Specific Considerations for Selected Items
  • AU-C 505 External Confirmations
  • AU-C 510 Opening Balances—Initial Audit Engagements, Including Reaudit Engagements
  • AU-C 520 Analytical Procedures
  • AU-C 530 Audit Sampling
  • AU-C 540 Auditing Accounting Estimates, Including Fair Value Accounting Estimates and Related Disclosures
  • AU-C 550 Related Parties
  • AU-C 560 Subsequent Events and Subsequently Discovered Facts
  • AU-C 570 The Auditor's Consideration of an Entity's Ability to Continue as a Going Concern
  • AU-C 580 Written Representations
  • AU-C 585 Consideration of Omitted Procedures after the Report Release Date
  • AU-C 600 Special Considerations—Audits of Group Financial Statements (Including the Work of Component Auditors)
  • AU-C 610 Using the Work of Internal Auditors
  • AU-C 620 Using the Work of an Auditor's Specialist
  • AU-C 700 Forming an Opinion and Reporting on Financial Statements
  • AU-C 705 Modifications to the Opinion in the Independent Auditor's Report
  • AU-C 706 Emphasis-of-Matter Paragraphs and Other-Matter Paragraphs in the Independent Auditor's Report
  • AU-C 708 Consistency of Financial Statements
  • AU-C 720 Other Information in Documents Containing Audited Financial Statements
  • AU-C 725 Supplementary Information in Relation to the Financial Statements as a Whole
  • AU-C 730 Required Supplementary Information
  • AU-C 800 Special Considerations—Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks
  • AU-C 805 Special Considerations—Audits of Single Financial Statements and Specific Elements, Accounts, or Items of a Financial Statement
  • AU-C 806 Reporting on Compliance with Aspects of Contractual Agreements or Regulatory Requirements in Connection with Audited Financial Statements
  • AU-C 810 Engagements to Report on Summary Financial Statements
  • AU-C 905 Alert That Restricts the Use of the Auditor's Written Communication
  • AU-C 910 Financial Statements Prepared in Accordance with a Financial Reporting Framework Generally Accepted in Another Country
  • AU-C 915 Reports on Application of Requirements of an Applicable Financial Reporting Framework
  • AU-C 920 Letters for Underwriters and Certain other Requesting Parties
  • AU-C 925 Filings with the US Securities and Exchange Commission under the Securities Act of 1933
  • AU-C 930 Interim Financial Information
  • AU-C 935 Compliance Audits
  • AU-C 940 An Audit of Internal Control over Financial Reporting That is Integrated with an Audit of Financial Statements
  • AU-C 945 Auditor Involvement with Exempt Offering Documents
  • AT-C Preface
  • AT-C 105 Concepts Common to All Attestation Engagements
  • AT-C 205 Examination Engagements
  • AT-C 210 Review Engagements
  • AT-C 215 Agreed-Upon Procedures Engagements
  • AT-C 305 Prospective Financial Information
  • AT-C 310 Reporting on Pro Forma Financial Information
  • AT-C 315 Compliance Attestation
  • AT-C 320 Reporting on an Examination of Controls at a Service Organization Relevant to User Entities' Internal Control over Financial Reporting
  • AT-C Section 395 (Designated for AT #Section 701) Management's Discussion and Analysis (MD&A)—A Summary,
  • AR-C 60 General Principles for Engagements Performed in Accordance with Statements on Standards for Accounting and Review Services
  • AR-C 70 Preparation of Financial Statements
  • AR-C 80 Compilation Engagements
  • AR-C 90 Review of Financial Statements
  • AR-C 120 Compilation of Pro Forma Financial Information