Wiley Practitioner''s Guide to Gaas 2023 - Covering All Sass, Ssaes, Ssarss, and Interpretations

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.

List of contents

Preface--Organization and Key Changes ix
 
About the Author xv
 
1 AU-C 200 Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Generally Accepted Auditing Standards 1
 
2 AU-C 210 Terms of Engagement 7
 
3 AU-C 220 Quality Control for an Engagement Conducted in Accordance with Generally Accepted Auditing Standards 17
 
4 AU-C 230 Audit Documentation 25
 
5 AU-C 240 Consideration of Fraud in a Financial Statement Audit 37
 
6 AU-C 250 Consideration of Laws and Regulations in an Audit of Financial Statements 67
 
7 AU-C 260 The Auditor's Communication with Those Charged with Governance 73
 
8 AU-C 265 Communicating Internal Control Related Matters Identified in an Audit 81
 
9 AU-C 300 Planning an Audit 91
 
10 AU-C 315 Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement 99
 
11 AU-C 320 Materiality in Planning and Performing an Audit 129
 
12 AU-C 330 Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Evidence Obtained 135
 
13 AU-C 402 Audit Considerations Relating to an Entity Using a Service Organization 165
 
14 AU-C 450 Evaluation of Misstatements Identified during the Audit 173
 
15 AU-C 500 Audit Evidence 179
 
16 AU-C 501 Audit Evidence--Specific Considerations for Selected Items 185
 
17 AU-C 505 External Confirmations 211
 
18 AU-C 510 Opening Balances--Initial Audit Engagements, Including Reaudit Engagements 227
 
19 AU-C 520 Analytical Procedures 235
 
20 AU-C 530 Audit Sampling 249
 
21 AU-C 540 Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures 275
 
22 AU-C 550 Related Parties 293
 
23 AU-C 560 Subsequent Events and Subsequently Discovered Facts 307
 
24 AU-C 570 The Auditor's Consideration of an Entity's Ability to Continue as a Going Concern 321
 
25 AU-C 580 Written Representations 337
 
26 AU-C 585 Consideration of Omitted Procedures after the Report Release Date 351
 
27 AU-C 600 Special Considerations--Audits of Group Financial Statements (Including the Work of Component Auditors) 357
 
28 AU-C 610 Using the Work of Internal Auditors 381
 
29 AU-C 620 Using the Work of an Auditor's Specialist 395
 
30 AU-C 700 Forming an Opinion and Reporting on Financial Statements 405
 
31 AU-C 701 Communicating Key Audit Matters in the Independent Auditor's Report 431
 
32 AU-C 703 Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to ERISA 439
 
33 AU-C 705 Modifications to the Opinion in the Independent Auditor's Report 475
 
34 AU-C 706 Emphasis-of-Matter Paragraphs and Other-Matter Paragraphs in the Independent Auditor's Report 499
 
35 AU-C 708 Consistency of Financial Statements 513
 
36 AU-C 720 Other Information in Documents Containing Audited Financial Statements 517
 
37 AU-C 725 Supplementary Information in Relation to the Financial Statements as a Whole 523
 
38 AU-C 730 Required Supplementary Information 531
 
39 AU-C 800 Special Considerations--Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks 537
 
40 AU-C 805 Special Considerations--Audits of Single Financial Statements and Specific Elements, Accounts, or Items of a Financial Statement 551
 
41 AU-C 806 Reporting on Compliance with Aspects of Contractual Agreements or Regulatory Requirements in Connection with Audited Financial Statements 565
 
42 AU-C 810 Engagements to Report on Summary Financial Statements 573
 
43 AU-C 905 Alert That Restrict

About the author

Joanne M. Flood, MBA, CPA, has worked with small business and large enterprise clients. She has worked for a Big 4 international firm and a small firm. Formerly, a senior manager in the AICPA's Professional Development Group, Joanne has produced training materials on auditing and accounting in a wide variety of media.

Product details

• Authors: FLOOD, J Flood, Joanne M Flood, Joanne M. Flood, Flood Joanne M.
• Publisher: Wiley, John and Sons Ltd
• Languages: English
• Product format: Paperback / Softback
• Released: 30.05.2023
• EAN: 9781394152704
• ISBN: 978-1-394-15270-4
• No. of pages: 1056
• Series: Wiley Regulatory Reporting
• Subjects: Social sciences, law, business > Business > Business administration; Rechnungswesen, Revision, Accounting, Auditing