Wiley Practitioner's Guide to GAAS 2011: Covering all SASs, SSAEs, SSARSs, and Interpretations

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John Wiley & Sons, Dec 1, 2010 - Study Aids - 840 pages
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The clearest, easiest-to-use guide to understanding GAAS 2011 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.

  • 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
  • The only GAAS reference organized according to practitioners' actual use of the Statements on Auditing Standards (SASs), Wiley Practitioner's Guide to GAAS 2011 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.
 

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good book ... i hope to got it sooner .

Contents

100230 The Auditors Responsibilities and Functions Introduction to GAAS and the General Standards
1
Planning and Supervision
11
Audit Risk and Materiality in Conducting an Audit
23
Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement
39
Communications between Predecessor and Successor Auditors
67
Consideration of Fraud in a Financial Statement Audit
75
Illegal Acts by Clients
105
Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Evidence Obtained
111
Other Information in Documents Containing Audited Financial Statements
473
Supplementary Information in Relation to the Financial Statements as a Whole
477
Reporting on Condensed Financial Statements and Selected Financial Data
483
Required Supplementary Information
491
Subsequent Events
499
Subsequent Discovery of Facts Existing at the Date of the Auditors Report
505
Special Reports
515
Reports on the Application of Accounting Principles
543

The Auditors Consideration of the Internal Audit Function in an Audit of Financial Statements
139
Service Organizations
151
Communicating Internal Control Related Matters Identified in an Audit
169
Evidential Matter
177
Auditing Fair Value Measurements and Disclosures
183
Analytical Procedures
193
The Confirmation Process
209
Inventories
225
Auditing Derivative Instruments Hedging Activities and Investments in Securities
239
Management Representations
255
Related Parties
271
Using the Work of a Specialist
285
Inquiry of Clients Lawyer Concerning Litigation Claims and Assessments
295
Audit Documentation
311
The Auditors Consideration of an Entitys Ability to Continue as a Going Concern
323
Auditing Accounting Estimates
337
Audit Sampling
345
The Auditors Communication with Those Charged with Governance
369
Consideration of Omitted Procedures After the Report Date
379
410411 Adherence to GAAP 410 and the Meaning of Present Fairly in Conformity with GAAP 411
385
Consistency of Application of Generally Accepted Accounting Principles
395
Adequacy of Disclosure in Financial Statements
401
Association with Financial Statements
403
Reports on Audited Financial Statements
411
Dating of the Independent Auditors Report
443
Restricting the Use of an Auditors Report
449
Reporting on Financial Statements Prepared for Use in Other Countries
453
Part of Audit Performed by Other Independent Auditors
459
Lack of Conformity with Generally Accepted Accounting Principles
471
Letters for Underwriters and Certain Other Requesting Parties
549
Filings under Federal Securities Statutes
595
Interim Financial Information
603
Compliance Audits
627
Controls and Auditing Procedures for Goods Held
635
Attest Engagements
641
AgreedUpon Procedures Engagements
667
Financial Forecasts and Projections
679
Reporting on Pro Forma Financial Information
707
An Examination of an Entitys Internal Control over Financial Reporting That
719
Is Integrated with an Audit of Its Financial Statements
722
Compliance Attestation
743
Managements Discussion and Analysis MDAA Summary
757
Compilation and Review of Financial Statements
765
Compilations of Specified Elements Accounts or Items of a Financial Statement
807
Compilation of Pro Forma Financial Information
811
Reporting on Comparative Financial Statements
815
Compilation Reports on Financial Statements Included in Certain Prescribed Forms
823
Communications between Predecessor and Successor Accountants
825
Reporting on Personal Financial Statements Included in Written Personal
831
Audit Documentation
839
Reporting on Whether a Previously Reported Material Weakness Continues
845
An Audit of Internal Control Over Financial Reporting That Is Integrated with
859
Evaluating Consistency of Financial Statements
879
Appendix A CrossReferences to SASs SSAEs and SSARSs
887
Appendix B List of AICPA Audit and Accounting Guides and Auditing Statements
893
Index
899
Copyright

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About the author (2010)

Steven Bragg, CPA, has been the chief financial officer or controller of four companies, as well as a consulting manager at Ernst & Young and auditor at Deloitte & Touche. He received a master's degree in finance from Bentley College, an MBA from Babson College, and a bachelor's degree in economics from the University of Maine. He has been the twotime president of the Colorado Mountain Club.

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