GAAS Guide, 2019 (Miller GAAS Guide) - Softcover

Mark S. Beasley; Ph.D.; CPA; And Joseph V. Carcello; CIA; CMA

Softcover

ISBN 10: 0808050214 ISBN 13: 9780808050216

Publisher: CCH Inc., 2018

Synopsis

CCH's GAAS Guide describes the engagement standards, practices, and procedures in use today, including Statements on Auditing Standards (SASs) and their Interpretations, Statements on Standards for Attestation Engagements (SSAEs) and their Interpretations, and Statements on Standards on Accounting and Review Services (SSARS) and their Interpretations. The 2019 Edition of the GAAS Guide reflects the latest available professional standards. Most importantly, changes in auditing standards and the related Codification of Statements on Auditing Standards resulting from the Auditing Standards Board s (ASB) Clarity and Convergence Project. This edition includes coverage of SAS-122 (essentially all of the AU-C sections) (Clarification and Recodification), issued in October 2011, SAS-123 (AU-C 200, AU-C 230, AU-C 260, AU-C 705, AU-C 720, AU 915, and AU-C 935) (Omnibus Statement on Auditing Standards 2011), issued in October 2011, SAS-124 (AU-C 910) (Financial Statements Prepared in Accordance with a Financial Reporting Framework Generally Accepted in Another Country), issued in October 2011, SAS-125 (AU-C 905) (Alert that Restricts the Use of the Auditor s Written Communication), issued in December 2011, SAS-126 (AU-C 570) (The Auditor s Consideration of the Entity s Ability to Continue as a Going Concern), issued in July 2012, and SAS-127 (AU-C 600 and AU-C 800) (Omnibus Statement on Auditing Standards 2013), issued in January 2013. SAS-122 is particularly noteworthy as it represents the culmination of the ASB s efforts to clarify the auditing standards and to largely converge its standards with the standards of the International Auditing and Assurance Standards Board (IAASB). Designated by the new AU-C section numbering, the recodified, clarified standards numbers are the same as the equivalent ISA numbers for clarified SASs that are based on equivalent ISAs (AU-C section numbers for clarified SASs with no equivalent ISAs have been assigned new numbers). The GAAS Guide incorporates these new requirements throughout the affected auditing standards and includes coverage of AICPA pronouncements for the following standards: - SAS-127 (AU-C 600 and AU-C 900) (Omnibus Statement on Auditing Standards 2013) - SSAE-17 (AT 301) (Reporting on Compiled Prospective Financial Statements When the Practitioner s Independence Is Impaired) - SSARS-20 (Revised Applicability of Statements on Standards for Accounting and Review Services) The GAAS Guide meets accounting industry standards as overseen by the AICPA's peer review system (the book reproduces a letter by the book's peer reviewer).

About this title

About the Author:

Mark S. Beasley is the Deloitte Professor of Enterprise Risk Management and Professor of Accounting in the Department of Accounting at North Carolina State University, in Raleigh, N.C., where he teaches auditing and risk management courses in the undergraduate and masters programs. He recently completed seven years service as a member of the COSO Board. Dr. Beasley received a BS in accounting from Auburn University and a Ph.D. from Michigan State University. He is a Certified Public Accountant (CPA) in North Carolina and has worked in public accounting, where he was an Audit Manager with Ernst & Young. Dr. Beasley also worked as a Technical Manager with the AICPA s Auditing Standards Division, in New York City. He is a member of the American Institute of Certified Public Accountants, the American Accounting Association, the Institute of Internal Auditors, and ISACA. Dr. Beasley also serves as Director of North Carolina State University s Enterprise Risk Management Initiative, which provides thought leadership on enterprise risk management and its integration with strategy planning and governance. Dr. Beasley actively conducts research related to financial statement fraud, corporate governance, and auditor quality. His work has been published in journals such as the Journal of Accounting Research, Contemporary Accounting Research, Auditing: A Journal of Practice & Theory, Accounting Horizons, Journal of the American Taxation Association, Journal of Accountancy, and The CPA Journal, among numerous others. He served on COSO s Enterprise Risk Management project Advisory Council and the AICPA s Antifraud Programs and Controls Task Force. He has previously served on Auditing Standards Board task forces, including the SAS No. 99 Fraud Task Force. He has also been extensively involved in conducting staff training for two of the Big Four accounting firms. Dr. Beasley is the co-author of several continuing education courses, an auditing textbook, and an auditing casebook. Joseph V. Carcello is the Department Head and the EY and Business Alumni Professor in the Department of Accounting and Information Management and the Executive Director of the C. Warren Neel Corporate Governance Center at the University of Tennessee, in Knoxville, Tenn., where he teaches auditing and financial accounting courses in the undergraduate and MAcc. programs. Dr. Carcello received a BS in accounting from SUNY at Plattsburgh, a MAcc from the University of Georgia, and a Ph.D. from Georgia State University. He is a Certified Public Accountant (CPA), a Certified Internal Auditor (CIA), and a Certified Management Accountant (CMA). Dr. Carcello worked in public accounting, where he was an Audit Senior with EY. He is a member of the American Institute of Certified Public Accountants, the American Accounting Association, the Association of Certified Fraud Examiners, the Financial Executives International, the Institute of Internal Auditors, and the Institute of Management Accountants.

Review:

Dr. Carcello has taught continuing professional education courses for two of the Big 4 accounting firms, AICPA, Institute of Internal Auditors, The Institute of Management Accountants, the Tennessee and Florida Societies of CPAs, local and regional accounting firms, and he has provided consulting services on revenue recognition to the software industry. He has also served as an expert witness for the Securities and Exchange Commission, and testified before the U.S. Treasury Advisory Committee on the Auditing Profession and a subcommittee of the Financial Services Committee of the United States House of Representatives. Dr. Carcello is a member of the Security Exchange Commission's Investor Advisory Committee and the PCAOB s Investor Advisory Group and recently completed service on the PCAOB s Standing Advisory Group. He previously served as a member of COSO s Small Business Control Guidance Advisory Group Task Force. Dr. Carcello actively conducts research related to corporate governance (particularly audit committee performance), fraudulent financial reporting, and going-concern reporting. His work has been published in journals such as The Accounting Review, Journal of Accounting Research, Contemporary Accounting Research, Auditing: A Journal of Practice & Theory, Accounting Horizons, Journal of Accounting and Public Policy, and Journal of Accountancy, among numerous others. Dr. Carcello is the co-author of CCH s GAAP Guide, Volume I and a financial accounting textbook. --Author Bio Continued

About this edition

• Publisher: CCH Inc.
• Publication date: 2018
• ISBN 10: 0808050214
• ISBN 13: 9780808050216
• Binding: Paperback
• Number of pages: 960