Wiley Practitioner's Guide to GAAS 2005
Covering all SASs, SSAEs, SSARSs, and Interpretations
2nd Edition
Published on 9. November 2004
Book
Paperback/Softback
800 pages
978-0-471-66838-1 (ISBN)
Description
From the authors who set 90 percent of the Generally Accepted Auditing Standards (GAAS), this is the ultimate guide to understanding and applying the Statements on Auditing Standards (SASs), Statements on Standards for Attestation Engagements (SSAEs), and Statements on Standards for Accounting and Review Services (SSARSs). The only such reference organized according to how practitioners use the SASs, it presents statements one at a time, clearly explaining how each applies and how each relates to the others. With the help of numerous practice notes, practical illustrations, checklists, and questionnaires, the authors guide readers through each step of the auditing process. This book is fully updated to include all relevant Sarbanes-Oxley references.
More details
Edition
2., Aufl.
Language
English
Place of publication
New York
United States
Publishing group
John Wiley and Sons Ltd
Target group
College/higher education
Professional and scholarly
Edition type
Revised edition
Dimensions
Height: 23.8 cm
Width: 19.2 cm
Weight
1351 gr
ISBN-13
978-0-471-66838-1 (9780471668381)
Schweitzer Classification
Other editions
New editions
Michael Ramos
Wiley Practitioner's Guide to GAAS 2006
Covering all SASs, SSAEs, SSARSs, and Interpretations
Book
10/2005
3rd Edition
Wiley
€82.90
Article exhausted; check for reprint
Previous edition
Dan M. Guy | D. R. Carmichael | Linda A. Lach
Wiley Practitioner's Guide to GAAS 2004
Covering all SASs, SSAEs, SSARSs, and Interpretations
Book
10/2003
1st Edition
Wiley
€82.90
Article exhausted; check for reprint
Persons
Dan M. Guy, PhD, CPA, lives in Santa Fe, New Mexico, where he has a litigation consulting practice. He completed an eighteen-year career with the AICPA in New York City in January 1998, where he had overall responsibility for, among other things, the Auditing Standards Board and the Accounting and Review Services Committee. Dr. Guy was Vice President, Auditing, at the AICPA from 1983 until 1996, when he became Vice President, Professional Standards and Services. Dr. Guy has written numerous books on auditing, sampling, and compilation and review. He has represented the profession on numerous occasions before Congress, various regulatory agencies, and at the international level. Prior to joining the AICPA, Dr. Guy was a professor of accounting at Texas Tech University and a visiting professor at the University of Texas at Austin. He was in public practice with KPMG Peat Marwick. In 1998, he received the John J. McCloy Award for outstanding contributions to audit quality in the US. The award was presented by the Public Oversight Board of the SEC Practice Section of the AICPA's Division for CPA Firms. In 2001, he received the Distinguished Service Award from the Audit Section of the American Accounting Association for a lasting and significant impact over a 20 to 25 year span in the field of auditing.
D. R. Carmichael, PhD, CPA, CFE, is the Chief Auditor and Director of Professional Standards of the Public Company Accounting Oversight Board (PCAOB). He has not participated in the current edition of this book. The views of Dr. Carmichael expressed herein are solely his and not necessarily those of the PCAOB or any other member of its staff. Formerly, he was Director of the Center for Financial Integrity and the Wollman Distinguished Professor of Accountancy at Baruch College, City University of New York. Until 1983, he was the Vice President, Auditing, at the AICPA, where he directly participated in the development of accounting and auditing standards. Dr. Carmichael has written numerous books and articles on accounting and auditing. He has acted as a consultant on accounting, auditing, and control matters to CPA firms, public corporations, attorneys, government agencies, and financial institutions. Dr. Carmichael has served as a consultant to the AICPA, the Securities and Exchange Commission (SEC), the General Accounting Office (GAO), the Federal Deposit Insurance Corporation (FDIC), the Federal Trade Commission (FTC), and other federal and state government agencies. He has also investigated numerous cases involving allegations of fraudulent financial reporting and provided expert witness testimony on those matters.
Linda Lach, CPA, lives in Fairfield, Connecticut. She is the former Associate Director for the Center for Financial Integrity at Baruch College and the former Director of Professional Development for the American Institute of Certified Public Accountants. At the AICPA, Linda was responsible for conferences, seminars, and self-study courses developed for the accounting profession. She has made numerous presentations and written articles on continuing education issues. Before joining the AICPA, she held various financial management positions and worked as an auditor for Touche Ross (currently Deloitte & Touche).
D. R. Carmichael, PhD, CPA, CFE, is the Chief Auditor and Director of Professional Standards of the Public Company Accounting Oversight Board (PCAOB). He has not participated in the current edition of this book. The views of Dr. Carmichael expressed herein are solely his and not necessarily those of the PCAOB or any other member of its staff. Formerly, he was Director of the Center for Financial Integrity and the Wollman Distinguished Professor of Accountancy at Baruch College, City University of New York. Until 1983, he was the Vice President, Auditing, at the AICPA, where he directly participated in the development of accounting and auditing standards. Dr. Carmichael has written numerous books and articles on accounting and auditing. He has acted as a consultant on accounting, auditing, and control matters to CPA firms, public corporations, attorneys, government agencies, and financial institutions. Dr. Carmichael has served as a consultant to the AICPA, the Securities and Exchange Commission (SEC), the General Accounting Office (GAO), the Federal Deposit Insurance Corporation (FDIC), the Federal Trade Commission (FTC), and other federal and state government agencies. He has also investigated numerous cases involving allegations of fraudulent financial reporting and provided expert witness testimony on those matters.
Linda Lach, CPA, lives in Fairfield, Connecticut. She is the former Associate Director for the Center for Financial Integrity at Baruch College and the former Director of Professional Development for the American Institute of Certified Public Accountants. At the AICPA, Linda was responsible for conferences, seminars, and self-study courses developed for the accounting profession. She has made numerous presentations and written articles on continuing education issues. Before joining the AICPA, she held various financial management positions and worked as an auditor for Touche Ross (currently Deloitte & Touche).
Content
Preface. About the Authors. Summary of Key Changes. 100--230 The Auditor's Responsibilities and Functions, Introduction to GAAS and the General Standards. 310 Appointment of the Independent Auditor. 311 Planning and Supervision. 312 Audit Risk and Materiality in Conducting an Audit. 313 Substantive Tests prior to the Balance Sheet Date. 315 Communications between Predecessor and Successor Auditors. 316 Consideration of Fraud in a Financial Statement Audit. 317 Illegal Acts by Clients. 319 Consideration of Internal Control in a Financial Statement Audit. 322 The Auditor's Consideration of the Internal Audit Function in an Audit of Financial Statements. 324 Service Organizations. 325 Communication of Internal Control Related Matters Noted in an Audit. 326 Evidential Matter. 328 Auditing Fair Value Measurements and Disclosures. 329 Analytical Procedures. 330 The Confirmation Process. 331 Inventories. 332 Auditing Derivative Instruments, Hedging Activities, and Investments in Securities. 333 Management Representations. 334 Related Parties. 336 Using the Work of a Specialist. 337 Inquiry of Client's Lawyer Concerning Litigation, Claims, and Assessments. 339 Audit Documentation. 341 The Auditor's Consideration of an Entity's Ability to Continue as a Going Concern. 342 Auditing Accounting Estimates. 350 Audit Sampling. 380 Communication with Audit Committees. 390 Consideration of Omitted Procedures After the Report Date. 410/411 Adherence to GAAP (410) and the Meaning of "Present Fairly in Conformity with GAAP" (411). 420 Consistency of Application of Generally Accepted Accounting Principles. 431 Adequacy of Disclosure in Financial Statements. 504 Association with Financial Statements. 508 Reports on Audited Financial Statements. 530 Dating of the Independent Auditor's Report. 532 Restricting the Use of an Auditor's Report. 534 Reporting on Financial Statements Prepared for Use in Other Countries. 543 Part of Audit Performed by Other Independent Auditors. 544 Lack of Conformity with Generally Accepted Accounting Principles. 550 Other Information in Documents Containing Audited Financial Statements. 551 Reporting on Information Accompanying the Basic Financial Statements in Auditor--Submitted Documents. 552 Reporting on Condensed Financial Statements and Selected Financial Data. 558 Required Supplementary Information. 560 Subsequent Events. 561 Subsequent Discovery of Facts Existing at the Date of the Auditor's Report. 623 Special Reports. 625 Reports on the Application of Accounting Principles. 634 Letters for Underwriters and Certain Other Requesting Parties. 711 Filings under Federal Securities Statutes. 722 Interim Financial Information. 801 Compliance Auditing Considerations in Audits of Governmental Entities and Recipients of Governmental Financial Assistance. 901 Public Warehouses: Controls and Auditing Procedures for Goods Held. 2101 Attestation Standards. 2201 Agreed--upon Procedures Engagements. 2301 Financial Forecasts and Projections. 2401 Reporting on Pro Forma Financial Information. 2501 Reporting on an Entity's Internal Control over Financial Reporting. 2601 Compliance Attestation. 2701 Management's Discussion and Analysis (MD&A). 3100 Compilation and Review of Financial Statements. 3200 Reporting on Comparative Financial Statements. 3300 Compilation Reports on Financial Statements Included in Certain Prescribed Forms. 3400 Communications between Predecessor and Successor Accountants. 3600 Reporting on Personal Financial Statements Included in Written Personal Financial Plans. Appendix A: PCAOB Auditing Standards. Appendix B: Cross--References to SASs, SSAEs, and SSARSs. Appendix C: List of AICPA Audit and Accounting Guides and Statements of Position. Appendix D: Other Auditing Publications in the GAAS Hierarchy. Index.