The most practical, easy-to-use GAAS resource available. Accountants rely on this handy quick-reference guide to help them interpret and apply the latest audit, attest, review, and compilation standards—and with good reason. Written by the primary authors of the AICPA Statements on Auditing Standards (SASs) and Statements on Standards for Attestation Engagements (SSAEs), this book distills the official language of SASs, SSAEs and Statements on Standards for Accounting and Review Services (SSARSs) into easy-to-read, understandable advice. It provides vital help to CPAs in the application of, and compliance with, generally accepted auditing standards (GAAS). And, with specific requirements clearly highlighted and separated from advice, observations, and other subordinate information, it offers a flexibility and accessibility unrivaled by any other GAAS reference. Key features include: A brief identification of each standard, with its effective date and information on when to apply it. A glossary of official definitions that brings together explanations of terms ordinarily scattered throughout a standard. Behind-the-scenes explanations of the reasons for each standard. Concise listing and descriptions of each standard's specific mandates. Capsule summary of interpretations. Helpful techniques for complying with the fundamentals of each standard. Examples of the application of these fundamentals. Practical and up-to-date, this outstanding resource is an indispensable cutting-edge tool of the auditing profession.

The most practical, easy-to-use GAAS resource available. Accountants rely on this handy quick-reference guide to help them interpret and apply the latest audit, attest, review, and compilation standards—and with good reason. Written by the primary authors of the AICPA Statements on Auditing Standards (SASs) and Statements on Standards for Attestation Engagements (SSAEs), this book distills the official language of SASs, SSAEs and Statements on Standards for Accounting and Review Services (SSARSs) into easy-to-read, understandable advice. It provides vital help to CPAs in the application of, and compliance with, generally accepted auditing standards (GAAS). And, with specific requirements clearly highlighted and separated from advice, observations, and other subordinate information, it offers a flexibility and accessibility unrivaled by any other GAAS reference. Key features include: A brief identification of each standard, with its effective date and information on when to apply it. A glossary of official definitions that brings together explanations of terms ordinarily scattered throughout a standard. Behind-the-scenes explanations of the reasons for each standard. Concise listing and descriptions of each standard's specific mandates. Capsule summary of interpretations. Helpful techniques for complying with the fundamentals of each standard. Examples of the application of these fundamentals. Practical and up-to-date, this outstanding resource is an indispensable cutting-edge tool of the auditing profession.

A clear and easy-to-use GAAS resource. The Generally Accepted Auditing Standards (GAAS) cover all the auditing standards, practices, and procedures in use today. This indispensable guide explains and interprets the standards in clear, non-technical language, presents each statement one by one, and explains how to standards are related. It also includes practice notes, practical illustrations, checklists, and questionnaires to guide the user through the auditing process. D. R. Carmichael, CPA, PhD (New York, NY) is the Wollman Distinguished Professor of Accounting at Bernard M. Baruch College. Dan Guy, CPA, PhD (New York, NY) is the former Vice President of Auditing Standards at AICPA.

The clearest, easiest-to-use guide to understanding GAAS 2013 on the market—fully updated This latest resource to understanding GAAS addresses the toughest part of the job—identifying, interpreting, and applying the many audit, attest, review, and compilation standards relevant to a particular engagement. The only GAAS reference organized according to practitioners' actual use of the Statements on Auditing Standards (SASs), inside you'll find examples and illustrations for testing internal controls, techniques for remaining compliant with each standard, and explanations of the reasons for each pronounceument. 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 mandate Easy-to-read capsule summary of interpretations, plus selected AICPA practice alerts and advisories Helpful techniques for remaining compliant with each standard Examples and illustrations for testing internal controls 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.