Wiley The Complete Guide to Auditing Standards, and Other Professional Standards for Accountants 2009

Front Cover
John Wiley & Sons, Apr 6, 2009 - Business & Economics - 549 pages
1 Review

A practical, authoritative guide to understandingtoday's Auditing Standards

If you are an auditor or work frequently with auditors, you need quick answers on the latest auditing standards. Get the answers you need now to understand and comply with authoritative auditing standards. The Complete Guide to Auditing Standards and Other Professional Standards for Accountants 2009 is handy for easy reference and daily use, filled with charts, checklists, diagrams, report forms, schedules, tables, exhibits, examples, practice aids, and step-by-step instructions for your maximum ease of use.

A valuable guide for accounting and auditing professionals, as well as those who must interact with auditors, such as company managers, bank loan officers, suppliers, current and potential investors, and governmental audit agencies, The Complete Guide to Auditing Standards and Other Professional Standards for Accountants 2009 represents a comprehensive, up-to-date compendium of current auditing standards and presents:

  • Practical applications to implement audit standards and requirements
  • Coverage of AICPA Statements of Auditing Standards (SAS), Statements on Standards for Attestation Engagements (SSAE), Statements on Standards for Accounting and Review Services (SSARS), Public Company Accounting Oversight Board (PCAOB) standards, Responsibilities in Tax Practices, Quality Control, Business Valuation Services and Consulting Services standards

  • This 2009 Edition also includes new information covering SAS 115, SSAE 15, and QCS 7

  • Hands-on answers to practice issues, avoiding technical jargon

Providing you with go-to information you can use right away on your questions in auditing, attestation engagements, and compilation and review engagements, The Complete Guide to Auditing Standards and Other Professional Standards for Accountants 2009 also serves as an easy-to-use resource for CPA candidates preparing for the Auditing section of the CPA Exam.

 

What people are saying - Write a review

We haven't found any reviews in the usual places.

Contents

Company Accounting Oversight Board
3
Audit Documentation
5
Reporting on Whether a Previously Reported Material Weakness Continues to Exist
7
An Audit of Internal Control over Financial Reporting That Is Integrated with an Audit of Financial Statements
15
Evaluating Consistency of Financial Statements
27
Auditing
29
Responsibilities and Functions of the Independent Auditor
31
Defining Professional Requirements in Statements on Auditing Standards
33
Part of Audit Performed by Other Independent Auditors
289
Lack of Conformity with Generally Accepted Accounting Principles
293
Other Information in Documents Containing Audited Financial Statements
295
Reporting on Information Accompanying the Basic Financial Statements in AuditorSubmitted Documents
297
Reporting on Condensed Financial Statements and Selected Financial Data
301
Required Supplementary Information
303
Subsequent Events
307
Subsequent Discovery of Facts Existing at the Date of the Auditors Report
309

Generally Accepted Auditing Standards
35
The Relationship of Generally Accepted Auditing Standards to Quality Control Standards
37
Nature of the General Standards
39
Planning and Supervision
41
Audit Risk and Materiality
53
Consideration of Internal Control in a Financial Statement Audit
63
Communications between Predecessor and Successor Auditors
81
Consideration of Fraud in a Financial Statement Audit
87
Illegal Acts by Clients
97
Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Evidence Obtained
101
The Auditors Consideration of the Internal Audit Function in an Audit of Financial Statements
109
Service Organizations
115
Communication of Internal Control Related Matters Identified in an Audit
119
Evidential Matter
125
Auditing Fair Value Measurements and Disclosures
131
Analytical Procedures
143
The Confirmation Process
147
Inventories
167
Auditing Derivative Instruments Hedging Activities and Investments in Securities
175
Management Representation
183
Related Parties
191
Using the Work of a Specialist
201
Inquiry of Clients Lawyer Concerning Litigation Claims and Assessments
211
Audit Documentation
215
Ability of the Entity to Continue as a Going Concern
219
Auditing Accounting Estimates
225
Audit Sampling
233
Communication with Audit Committees
237
Consideration of Omitted Procedures After the Report Date
251
The Meaning of Present Fairly in Conformity with Generally Accepted Accounting Principles
253
Consistency of Application of Generally Accepted Accounting Principles
257
Adequacy of Disclosure in Financial Statements
261
Association with Financial Statements
263
Reports on Audited Financial Statements
267
Dating of the Independent Auditors Report
281
Restricting the Use of an Auditors Report
283
Reporting on Financial Statements Prepared for Use in Other Countries
285
Special Reports
311
Reports on the Application of Accounting Principles
323
Letters for Underwriters and Certain Other Requesting Parties
327
Filings under Federal Securities Statutes
333
Interim Financial Information
335
Compliance Auditing Considerations in Audits of Governmental Entities and Recipients of Governmental Financial Assistance
339
Controls and Auditing Procedures for Goods Held
343
Attestation
349
Defining Professional Requirements in Statements on Standards for Attestation Engagements
351
SSAE Hierarchy
353
Attestation Engagements
355
AgreedUpon Procedures Engagements
363
Financial Forecasts and Projections
367
Reporting on Pro Forma Financial Information
379
Reporting on an Entitys Internal Control over Financial Reporting
385
Compliance Attestation
407
Managements Discussion and Analysis
417
Accounting and Review Services
425
Defining Professional Requirements in Statements on Standards for Accounting and Review Services
427
Standards for Accounting and Review Services
429
Compilation and Review of Financial Statements
431
Compilations of Specified Elements Accounts or Items of a Financial Statement
449
Compilation of Pro Forma Financial Information
453
Reporting on Comparative Financial Statements
457
Compilation Reports on Financial Statements Included in Certain Prescribed Forms
463
Communications between Predecessor and Successor Accountants
465
Reporting on Personal Financial Statements Included in Written Personal Financial Plans
467
Consulting Services
469
Definitions and Standards
471
A Firms System of Quality Control
475
Preface
485
Proceeding or Court Decision
495
Basic Personal Financial Planning Engagement Functions
505
Implementation Engagement Functions and Responsibilities
511
Statement 1 Valuation of a Business Business Ownership Interest
519
CrossReferences to Statements on Auditing Standards
532
Copyright

Other editions - View all

Common terms and phrases

About the author (2009)

NICK DAUBER, MS, CPA, is author of The Vest Pocket CPA (Wiley), Corporate Controller's Handbook of Financial Management, and Barron's How to Prepare for the CPA Exam. He is an accounting practitioner and instructor of auditing and tax at Queens College of the City University of New York.

ANIQUE AHMED QURESHI, PhD, CPA, CIA, has written and published ten books and is professor of accounting and information systems at Queens College of the City University of New York.

MARC H. LEVINE, PhD, CPA, has written five books on auditing and financial accounting topics.

JOEL G. SIEGEL, PhD, CPA, is the author of over fifty books and has written hundreds of articles for accounting and financial journals. Dr. Siegel has acted as consultant in accounting issues to many organizations, including IT&T, Citicorp, and Person-Wolinsky CPA Review.

Bibliographic information