Wiley Practitioner's Guide to GAAS 2023

Covering All SASs, SSAEs, SSARSs, and Interpretations

Joanne M. Flood

• Publisher: Wiley
• Year: 2023
• Print ISBN: 9781394152704
• eBook ISBN: 9781394152728
• Edition: 2
• Topic: Business
• Subtopic: Auditing
• Index: Business

The most comprehensive and up-to-date guide to critical auditing standards, practices, and procedures for 2023

The American Institute of Certified Public Accountants (AICPA) sets the Generally Accepted Auditing Standards—or GAAS—under which U. S. audits are conducted. Auditors must comply with and understand every aspect of GAAS to comply with AICPA standards. As a result, it is crucial for CPAs to be up to date on all applicable guidelines, rules, and regulations.

Wiley Practitioner's Guide to GAAS 2023 delivers a thorough description and analysis of not only auditing standards—SASs—but also SSAEs, SSARSs, and the Interpretations necessary to fully understand all the latest professional standards. The 2023 Guide offers the most recent revisions to the standards, including those on:

• Audit evidence
• Auditing accounting estimates
• Use of pricing evidence
• Inquiries of predecessor auditors
• Quality management
• Materiality,
• SSAE direct examination engagements, and
• Practitioner's review reports.
• Practical direction on the steps necessary to help you comply with GAAS
• Comprehensive guidance on the entire auditing process, from start to finish
• Explanations of all attestation and review, compilation, and preparation standards
• A glossary of relevant terminology for each subject

It explains the standards clearly and accurately, providing explicit information on how to conduct your engagements efficiently, effectively, and properly—all in one resource.

In addition, Wiley Practitioner's Guide to GAAS 2023 provides readers with:

A crucial resource for accountants and auditors who are looking for a comprehensive explanation of the information used daily, Wiley Practitioner's Guide to GAAS 2023 is an invaluable resource written to save you time and simplify your compliance with professional standards.

Table of contents

• COVER
• TABLE OF CONTENTS
• TITLE PAGE
• COPYRIGHT
• PREFACE—ORGANIZATION AND KEY CHANGES
• ABOUT THE AUTHOR
• 1 AU-C 200 Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Generally Accepted Auditing Standards
• 2 AU-C 210 Terms of Engagement
• 3 AU-C 220 Quality Control for an Engagement Conducted in Accordance with Generally Accepted Auditing Standards
• 4 AU-C 230 Audit Documentation
• 5 AU-C 240 Consideration of Fraud in a Financial Statement Audit
• 6 AU-C 250 Consideration of Laws and Regulations in an Audit of Financial Statements
• 7 AU-C 260 The Auditor's Communication with Those Charged with Governance
• 8 AU-C 265 Communicating Internal Control Related Matters Identified in an Audit
• 9 AU-C 300 Planning an Audit
• 10 AU-C 315 Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement
• 11 AU-C 320 Materiality in Planning and Performing an Audit
• 12 AU-C 330 Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Evidence Obtained
• 13 AU-C 402 Audit Considerations Relating to an Entity Using a Service Organization
• 14 AU-C 450 Evaluation of Misstatements Identified during the Audit
• 15 AU-C 500 Audit Evidence
• 16 AU-C 501 Audit Evidence—Specific Considerations for Selected Items
• 17 AU-C 505 External Confirmations
• 18 AU-C 510 Opening Balances—Initial Audit Engagements, Including Reaudit Engagements
• 19 AU-C 520 Analytical Procedures
• 20 AU-C 530 Audit Sampling
• 21 AU-C 540 Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures
• 22 AU-C 550 Related Parties
• 23 AU-C 560 Subsequent Events and Subsequently Discovered Facts
• 24 AU-C 570 The Auditor's Consideration of an Entity's Ability to Continue as a Going Concern
• 25 AU-C 580 Written Representations
• 26 AU-C 585 Consideration of Omitted Procedures after the Report Release Date
• 27 AU-C 600 Special Considerations—Audits of Group Financial Statements (Including the Work of Component Auditors)
• 28 AU-C 610 Using the Work of Internal Auditors
• 29 AU-C 620 Using the Work of an Auditor's Specialist
• 30 AU-C 700 Forming an Opinion and Reporting on Financial Statements
• 31 AU-C 701 Communicating Key Audit Matters in the Independent Auditor's Report
• 32 AU-C 703 Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to ERISA
• 33 AU-C 705 Modifications to the Opinion in the Independent Auditor's Report
• 34 AU-C 706 Emphasis-of-Matter Paragraphs and Other-Matter Paragraphs in the Independent Auditor's Report
• 35 AU-C 708 Consistency of Financial Statements
• 36 AU-C 720 Other Information in Documents Containing Audited Financial Statements
• 37 AU-C 725 Supplementary Information in Relation to the Financial Statements as a Whole
• 38 AU-C 730 Required Supplementary Information
• 39 AU-C 800 Special Considerations—Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks
• 40 AU-C 805 Special Considerations—Audits of Single Financial Statements and Specific Elements, Accounts, or Items of a Financial Statement
• 41 AU-C 806 Reporting on Compliance with Aspects of Contractual Agreements or Regulatory Requirements in Connection with Audited Financial Statements
• 42 AU-C 810 Engagements to Report on Summary Financial Statements
• 43 AU-C 905 Alert That Restricts the Use of the Auditor's Written Communication
• 44 AU-C 910 Financial Statements Prepared in Accordance with a Financial Reporting Framework Generally Accepted in Another Country
• 45 AU-C 915 Reports on Application of Requirements of an Applicable Financial Reporting Framework
• 46 AU-C 920 Letters for Underwriters and Certain Other Requesting Parties
• 47 AU-C 925 Filings with the U.S. Securities and Exchange Commission under the Securities Act of 1933
• 48 AU-C 930 Interim Financial Information
• 49 AU-C 935 Compliance Audits
• 50 AU-C 940 An Audit of Internal Control over Financial Reporting That Is Integrated with an Audit of Financial Statements
• 51 AU-C 945 Auditor Involvement with Exempt Offering Documents
• 52 AT-C Preface
• 53 AT-C 105 Concepts Common to All Attestation Engagements
• 54 AT-C 205 Assertion-Based Examination Engagements
• 55 AT-C 206 Direct Examination Engagements
• 56 AT-C 210 Review Engagements
• 57 AT-C 215 Agreed-Upon Procedures Engagements
• 58 AT-C 305 Prospective Financial Information
• 59 AT-C 310 Reporting on Pro Forma Financial Information
• 60 AT-C 315 Compliance Attestation
• 61 AT-C 320 Reporting on an Examination of Controls at a Service Organization Relevant to User Entities’ Internal Control Over Financial Reporting
• 62 AT-C 395 Management's Discussion and Analysis
• 63 AR-C 60 General Principles for Engagements Performed in Accordance with Statements on Standards for Accounting and Review Services
• 64 AR-C 70 Preparation of Financial Statements
• 65 AR-C 80 Compilation Engagements
• 66 AR-C 90 Review of Financial Statements
• 67 AR-C 100 Special Considerations—International Reporting Issues
• 68 AR-C 120 Compilation of Pro Forma Financial Information
• APPENDIX A: DEFINITIONS OF TERMS—AU-C STANDARDS
• APPENDIX B: DEFINITIONS OF TERMS—AT-C STANDARDS
• APPENDIX C: DEFINITIONS OF TERMS—AR-C STANDARDS
• APPENDIX D: INTERPRETIVE PUBLICATIONS AND OTHER AUDITING PUBLICATIONS
• INDEX
• END USER LICENSE AGREEMENT