The primary objective of the GAAS Practice Manual is to provide a complete, quick and valuable reference source for the practitioner of the currently effective pronouncements of Statements on Auditing Standards, Statements on Standards for Attestation Engagements, Statements on Standards on Accounting and Review Services, and the new PCAOB Auditing Standards--and the interpretations of those standards.

Although the Sections in this book follow the sequence of sections presented in the AICPA's Professional Standards, the material is presented and analyzed in a different format. Each Section is divided into three major parts:

What Every Practitioner Should Know--which discusses the specific standard, its basic requirement and the practitioner's essential responsibilities.
Practice Issues and Frequently Asked Questions--which focuses on techniques for applying the standard by using a Q&A format.
Illustrations and Practice Aids--which includes checklists, questionnaires, sample working papers, sample correspondence, and sample accountant's reports.
The GAAS Practice Manual meets accounting industry standards overseen by the AICPA's peer review system and contains a document covering the peer review of this book.

This book can be used in conjunction with the GAAS Update Service.