The GAAS Guide describes today's engagement standards, practices, and
procedures in use today, including Statements on Auditing Standards (SASs),
Statements on Standards for Attestation Engagements (SSAEs), and Statements on
Standards on Accounting and Review Services (SSARSs) and their relationship to
the PCAOB's standards. The latest interpretations of all the standards are also
included. The GAAS Guide is now available in an eBook format which you can
download to your computer instantly.
The book is organized to follow the arrangement of the AICPA's Professional
Standards. Each section begins with a list of authoritative pronouncements and
an Overview. A Promulgated Procedures Checklist identifies the essential
professional responsibilities that must be satisfied in each phase of an
engagement followed by an Analysis and Application of Reporting Standards, which
explains how each specific promulgated procedure should be applied.
Practitioner's Aids provide additional guidance on how to apply the promulgated
standards to specific engagements.
Throughout the book Risk Assessment Points, Engagement Strategies, Planning Aid
Reminders, and Observations provide helpful, practical tips. Fraud Pointers
alert practitioners to issues affecting auditor responsibility for fraud and
fraud risks throughout the audit engagement. To keep CPAs abreast of potential
changes affecting AICPA professional standards, this edition contains new
overviews of outstanding exposure drafts, which highlight key elements of
possible changes to existing professional standards.
The sample letters, reports, and checklists found in the text are included on a
CD-ROM that accompanies the book and can be printed and customized to meet all
of your auditing needs.
The GAAS Guide meets accounting industry standards as overseen by the AICPA's
peer review system (the book reproduces a letter by the book's peer reviewer).
Contents and Topics
AU 100: Introduction
AU 200: General Standards
AU 300: Standards of Field Work
AU 400: First,
Second, and Third Standards of Reporting
AU 500: Fourth Standard of Reporting
AU 600: Other Types of Reports
AU 700: Special Topics
AU 800: Compliance
Auditing
AU 900: Special Reports of the Committee on Auditing Procedure
AT
Section: Statements on Standards for Attestation Engagements
AR Section:
Statements on Standards for Accounting and Review Services