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![]( "Buchcover ISBN 9780471784111")
Wiley Practitioner's Guide to GAAS 2006
Covering all SASs, SSAEs, SSARSs, and Interpretations
von Michael J. RamosThe clearest, easiest-to-use guide to understanding GAAS 2006 onthe market-fully updated!
This latest resource to understanding GAAS addresses thetoughest part of an accountant's job-identifying, interpreting, andapplying the many audit, attest, review, and compilation standardsrelevant to a particular engagement. Wiley Practitioner's Guide toGAAS 2006 offers the accounting professional a clear, accessibledistillation of the official language of those standards, Statements on Standards for Attestation Engagements (SSAEs), andStatements on Standards for Accounting and Review Services(SSARSs)-as well as advice on exactly when and how to remain fullycompliant with each. The only GAAS reference organized according topractitioners' actual use of the Statements on Auditing Standards, Wiley Practitioner's Guide to GAAS 2006 presents eachstatement individually, explaining how the standards are relatedand offering guidance on the entire engagement process in the formof practice notes, checklists, questionnaires, and real-worldexamples that illustrate how the fundamental requirements of eachsection are applied. Other key features include:
* A brief identification of each SAS, SSAE, and SSARS, with itseffective date and tips on when to apply it
* A convenient and comprehensive glossary of officialdefinitions, which are usually scattered through-out astandard
* Behind-the-scenes explanations of the reasons for eachpronouncement and brief explanations of the basic ideas of thesection
* Concise listing and descriptions of each standard's specificmandates
* Easy-to-read capsule summary of interpretations, plus selectedAICPA practice alerts and advisories
* Helpful techniques for remaining compliant with eachstandard
New in GAAS 2006!
* Proposed changes required by the new risk assessment suite ofeight auditing standards, including those related to:
* Understanding the client's business
* Internal control
* Materiality
* Assessing risk and performing audit procedures
* Changes to the requirements for audit documentation whenperforming an audit of a privately held company
This latest resource to understanding GAAS addresses thetoughest part of an accountant's job-identifying, interpreting, andapplying the many audit, attest, review, and compilation standardsrelevant to a particular engagement. Wiley Practitioner's Guide toGAAS 2006 offers the accounting professional a clear, accessibledistillation of the official language of those standards, Statements on Standards for Attestation Engagements (SSAEs), andStatements on Standards for Accounting and Review Services(SSARSs)-as well as advice on exactly when and how to remain fullycompliant with each. The only GAAS reference organized according topractitioners' actual use of the Statements on Auditing Standards, Wiley Practitioner's Guide to GAAS 2006 presents eachstatement individually, explaining how the standards are relatedand offering guidance on the entire engagement process in the formof practice notes, checklists, questionnaires, and real-worldexamples that illustrate how the fundamental requirements of eachsection are applied. Other key features include:
* A brief identification of each SAS, SSAE, and SSARS, with itseffective date and tips on when to apply it
* A convenient and comprehensive glossary of officialdefinitions, which are usually scattered through-out astandard
* Behind-the-scenes explanations of the reasons for eachpronouncement and brief explanations of the basic ideas of thesection
* Concise listing and descriptions of each standard's specificmandates
* Easy-to-read capsule summary of interpretations, plus selectedAICPA practice alerts and advisories
* Helpful techniques for remaining compliant with eachstandard
New in GAAS 2006!
* Proposed changes required by the new risk assessment suite ofeight auditing standards, including those related to:
* Understanding the client's business
* Internal control
* Materiality
* Assessing risk and performing audit procedures
* Changes to the requirements for audit documentation whenperforming an audit of a privately held company
