Wiley Practitioner's Guide To GAAS 2005: Covering All SASs, SSAEs, SSARSs, and Interpretations - Softcover

Guy, Dan M.; Carmichael, D. R.; Lach, Linda A

Softcover

ISBN 10: 0471668389 ISBN 13: 9780471668381

Publisher: John Wiley & Sons Inc, 2004

Synopsis

The only complete, authoritative guide to making sense of GAAS 200

From the authors who set 90 percent of the Generally Accepted Auditing Standards (GAAS), this is the ultimate guide to understanding and applying the Statements on Auditing Standards (SASs), Statements on Standards for Attestation Engagements (SSAEs), and Statements on Standards for Accounting and Review Services (SSARSs). The only such reference organized according to how practitioners use the SASs, it presents statements one at a time, clearly explaining how each applies and how each relates to the others. With the help of numerous practice notes, practical illustrations, checklists, and questionnaires, the authors guide readers through each step of the auditing process. This book is fully updated to include all relevant Sarbanes-Oxley references

Dan M. Guy (Santa Fe, NM) worked for the AICPA for 18 years. D. R. Carmichael (Lumberville, PA) is the Wollman Distinguished Professor of Accountancy at Bernard Baruch College. Linda A. Lach (Fairfield, CT) is a former director of professional development for the AICPA

About this title

About the Author

Dan M. Guy, PhD, CPA, lives in Santa Fe, New Mexico, where he has a litigation consulting practice. He completed an eighteen-year career with the AICPA in New York City in January 1998, where he had overall responsibility for, among other things, the Auditing Standards Board and the Accounting and Review Services Committee. Dr. Guy was Vice President, Auditing, at the AICPA from 1983 until 1996, when he became Vice President, Professional Standards and Services. Dr. Guy has written numerous books on auditing, sampling, and compilation and review. He has represented the profession on numerous occasions before Congress, various regulatory agencies, and at the international level. Prior to joining the AICPA, Dr. Guy was a professor of accounting at Texas Tech University and a visiting professor at the University of Texas at Austin. He was in public practice with KPMG Peat Marwick. In 1998, he received the John J. McCloy Award for outstanding contributions to audit quality in the US. The award was presented by the Public Oversight Board of the SEC Practice Section of the AICPA’s Division for CPA Firms. In 2001, he received the Distinguished Service Award from the Audit Section of the American Accounting Association for a lasting and significant impact over a 20 to 25 year span in the field of auditing.

D. R. Carmichael, PhD, CPA, CFE, is the Chief Auditor and Director of Professional Standards of the Public Company Accounting Oversight Board (PCAOB). He has not participated in the current edition of this book. The views of Dr. Carmichael expressed herein are solely his and not necessarily those of the PCAOB or any other member of its staff. Formerly, he was Director of the Center for Financial Integrity and the Wollman Distinguished Professor of Accountancy at Baruch College, City University of New York. Until 1983, he was the Vice President, Auditing, at the AICPA, where he directly participated in the development of accounting and auditing standards. Dr. Carmichael has written numerous books and articles on accounting and auditing. He has acted as a consultant on accounting, auditing, and control matters to CPA firms, public corporations, attorneys, government agencies, and financial institutions. Dr. Carmichael has served as a consultant to the AICPA, the Securities and Exchange Commission (SEC), the General Accounting Office (GAO), the Federal Deposit Insurance Corporation (FDIC), the Federal Trade Commission (FTC), and other federal and state government agencies. He has also investigated numerous cases involving allegations of fraudulent financial reporting and provided expert witness testimony on those matters.

Linda Lach, CPA, lives in Fairfield, Connecticut. She is the former Associate Director for the Center for Financial Integrity at Baruch College and the former Director of Professional Development for the American Institute of Certified Public Accountants. At the AICPA, Linda was responsible for conferences, seminars, and self-study courses developed for the accounting profession. She has made numerous presentations and written articles on continuing education issues. Before joining the AICPA, she held various financial management positions and worked as an auditor for Touche Ross (currently Deloitte & Touche).

From the Back Cover

The clearest, easiest-to-use guide to understanding GAAS 2005 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 2005, the only reference written by the primary authors of the AICPA Statements on Auditing Standards (SASs), 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 2005 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 that 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 2005!

• SSARS No. 10, Performance of Review Engagements
• SSARS No. 11, Standard for Accounting and Review Services
• Summaries of
• PCAOB Auditing Standard No. 1, References in Auditors' Reports to the Standards of the Public Company Accounting Oversight Board
• PCAOB Auditing Standard No. 2, An Audit of Internal Control Over Financial Reporting Performed in Conjunction with an Audit of Financial Statements
• PCAOB Auditing Standard No. 3, Audit Documentation

Edition details

• Publisher: John Wiley & Sons Inc
• Publication date: 2004
• Language: English
• ISBN 10: 0471668389
• ISBN 13: 9780471668381
• Binding: Paperback
• Number of pages: 799