Wiley Practitioner's Guide to GAAS 2009
The clearest, easiest-to-use guide to understanding GAAS 2009 on the market–fully updated!
Covering all SASs, SSAEs, SSARSs, and Interpretations
Michael Ramos
Paperback
792 pages
December 2008
From the Publisher:
The clearest, easiest-to-use guide to understanding GAAS 2007 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 2007 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 2009 presentseach statement individually, explaining how thestandards are related and offering guidance onthe entire engagement process in the form of practicenotes, checklists, questionnaires, and real-worldexamples 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 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 2007!
- Audit Risk Assessment suite of standards, SAS Nos. 104 – 111, including new requirements related to:
- Understanding internal control
- Performing audit procedures
- Evaluating misstatements and audit differences
- Assessing audit risk
- And more
- SAS No. 103, Audit Documentation
- SAS No. 112, Communicating Internal Control Matters Noted in an Audit, including new definitions and guidance on evaluating the severity of control deficiencies