Wiley Practitioner's Guide to GAAS 2016

Covering all SASs, SSAEs, SSARSs, PCAOB Auditing Standards, and Interpretations

Joanne M. Flood

• Publisher: Wiley
• Year: 2016
• Print ISBN:
  9781119107590
• Edition: 1
• eBook ISBN:
  9781119107620
• Topic: Business
• Subtopic: Auditing
• Index: Business

Plain-English interpretations and applications of the latest GAAS

Wiley Practitioner's Guide to GAAS 2016 provides full guidance toward the latest guidelines and applications of Generally Accepted Auditing Standards. With detailed coverage of the newest releases, this helpful reference explains each standard in clear, accessible language and highlights the ways in which the standards are related. Organized for easy navigation, each statement is presented individually along with explanation, practice notes, practical illustrations, checklists and questionnaires to guide you through the auditing process. The book is written to align with the Statements on Auditing Standards, and includes updates and interpretations of all new Statements for Accounting and Review Services Compilation and Review statements to help you ensure a complete and fully compliant audit.

Accounting standards are critical to the auditing process, but frequent revisions and new releases add a layer of complexity to compliance. This book provides interpretation and application notes for all GAAS standards, including all SASs, SSAEs, SSARSs and PCAOB.

• Get up to speed on the latest GAAS standards
• Walk through each statement step-by-step
• Utilize helpful tools to ensure full compliance
• Gain a deeper understanding of each standard's applications

Identifying, interpreting, and applying the many standards relevant to a particular engagement can be the most difficult part of the auditor's job. This guide simplifies the process by combining the standards, explanations, tools, and expert advice into a single, easily navigated volume. For the auditor who needs to be up to date, Wiley Practitioner's Guide to GAAS 2016 presents clear, plain-language guidance toward the most recent GAAS standards, to help you find —and understand — the answers you need quickly.

Table of contents

• Cover
• Series Page
• Title Page
• Copyright
• Preface
• About the Author
• Organization and Key Changes
• AU-C 200 Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Generally Accepted Auditing Standards
• AU-C 210 Terms of Engagement
• AU-C 220 Quality Control for an Engagement Conducted in Accordance with Generally Accepted Auditing Standards
• AU-C 230 Audit Documentation
• AU-C 240 Consideration of Fraud in a Financial Statement Audit
• AU-C 250 Consideration of Laws and Regulations in an Audit of Financial Statements
• AU-C 260 The Auditor's Communication with Those Charged with Governance
• AU-C 265 Communicating Internal Control Related Matters Identified in an Audit
• AU-C 300 Planning an Audit
• AU-C 315 Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement
• AU-C 320 Materiality in Planning and Performing an Audit
• AU-C 330 Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Evidence Obtained
• AU-C 402 Audit Considerations Relating to an Entity Using a Service Organization
• AU-C 450 Evaluation of Misstatements Identified During the Audit
• AU-C 500 Audit Evidence
• AU-C 501 Audit Evidence—Specific Considerations for Selected Items
• AU-C 505 External Confirmations
• AU-C 510 Opening Balances—Initial Audit Engagements, Including Reaudit Engagements
• AU-C 520 Analytical Procedures
• AU-C 530 Audit Sampling
• AU-C 540 Auditing Accounting Estimates, Including Fair Value Accounting Estimates and Related Disclosures
• AU-C 550 Related Parties
• AU-C 560 Subsequent Events and Subsequently Discovered Facts
• AU-C 570 The Auditor's Consideration of an Entity's Ability to Continue as a Going Concern
• AU-C 580 Written Representations
• AU-C 585 Consideration of Omitted Procedures After the Report Release Date
• AU-C 600 Special Considerations—Audits of Group Financial Statements (Including the Work of Component Auditors)
• AU-C 610 Using the Work of Internal Auditors
• AU-C 620 Using the Work of an Auditor's Specialist
• AU-C 700 Forming an Opinion and Reporting on Financial Statements
• AU-C 705 Modifications to the Opinion in the Independent Auditor's Report
• AU-C 706 Emphasis-of-Matter Paragraphs and Other-Matter Paragraphs in the Independent Auditor's Report
• AU-C708 Consistency of Financial Statements
• AU-C 720 Other Information in Documents Containing Audited Financial Statements
• AU-C 725 Supplementary Information in Relation to Financial Statements as a Whole
• AU-C 730 Required Supplementary Information
• AU-C 800 Special Considerations—Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks
• AU-C 805 Special Considerations—Audits of Single Financial Statements and Specific Elements, Accounts, or Items of a Financial Statement
• AU-C 806 Reporting on Compliance with Aspects of Contractual Agreements or Regulatory Requirements in Connection with Audited Financial Statements
• AU-C 810 Engagements to Report on Summary Financial Statements
• AU-C 905 Alert That Restricts the Use of the Auditor's Written Communication
• AU-C 910 Financial Statements Prepared in Accordance with a Financial Reporting Framework Generally Accepted in Another Country
• AU-C 915 Reports on Application of Requirements of an Applicable Financial Reporting Framework
• AU-C 920 Letters for Underwriters and Certain Other Requesting Parties
• AU-C 925 Filings with the US Securities and Exchange Commission Under the Securities Act of 1933
• AU-C 930 Interim Financial Information
• AU-C 935 Compliance Audits
• AT 20 Defining Professional Requirements in Statements on Standards for Attest Engagements
• AT 50 SSAE Hierarchy
• AT 101 Attest Engagements
• AT 201 Agreed-Upon Procedures Engagements
• AT 301 Financial Forecasts and Projections
• AT 401 Reporting on Pro Forma Financial Information
• AT 501 An Examination of an Entity's Internal Control Over Financial Reporting That Is Integrated with an Audit of Its Financial Statements
• AT 601 Compliance Attestation
• AT 701 Management's Discussion and Analysis (MD&A)—A Summary1,2
• AT 801 Reporting on Controls at a Service Organization
• AR-C 60 General Principles for Engagements Performed in Accordance With Statements on Standards for Accounting and Review Services
• AR-C 70 Preparation of Financial Statements
• AR-C 80 Compilation Engagements
• AR-C 90 Review of Financial Statements
• AR 120 Compilation of Pro Forma Financial Information
• PCAOB 1 References in Auditors' Reports to the Standards of the Public Company Accounting Oversight Board
• PCAOB 3 Audit Documentation
• PCAOB 4 Reporting on Whether a Previously Reported Material Weakness Continues to Exist
• PCAOB 5 An Audit of Internal Control Over Financial Reporting That Is Integrated with an Audit of Financial Statements
• PCAOB 6 Evaluating Consistency of Financial Statements
• PCAOB 7 Engagement Quality Review
• PCAOB 8 Audit Risk
• PCAOB 9 Audit Planning
• PCAOB 10 Supervision of the Audit Engagement
• PCAOB 11 Consideration of Materiality in Planning and Performing an Audit
• PCAOB 12 Identifying and Assessing Risks of Material Misstatement
• PCAOB 13 The Auditor's Responses to the Risks of Material Misstatement
• PCAOB 14 Evaluating Audit Results
• PCAOB 15 Audit Evidence
• PCAOB 16 Communicating with Audit Committees
• PCAOB 17 Auditing Supplemental Information Accompanying Audited Financial Statements
• PCAOB 18 Related Parties
• Appendix A: Cross-References to SASs, SSAEs, AND SSARSs
• Appendix B: List of AICPA Audit and Accounting Guides and AICPA Statements of Position—Auditing and Attestation
• Appendix C: Other Auditing Publications
• Index
• End User License Agreement