پارسی   English   العربیه

Wiley Practitioner's Guide to GAAS 2016: Covering all SASs, SSAEs, SSARSs, PCAOB Auditing Standards, and Interpretations


The clearest, easiest-to-use guide to understanding the newly clarified auditing standards-fully updated!

This comprehensive guide to understanding Generally Accepted Auditing Standards (GAAS) addresses the toughest part of an accountant's job—identifying, interpreting, and applying the many audit, attest, review, and compilation standards relevant to a particular engagement.

Wiley Practitioner's Guide to GAAS 2016 offers a clear and accessible distillation of the official language of GAAS, Statements on Standards for Attestation Engagements (SSAEs), Statements on Standards for Accounting and Review Services (SSARSs), and PCAOB Auditing Standards—as well as advice on exactly when and how to remain fully compliant with each.

Wiley Practitioner's Guide to GAAS 2016 is organized according to the logical arrangement of the clarified auditing standards, presenting each section individually, and explaining how it is related to the audit process. Guidance is offered on the entire engagement process, in the form of practice notes, checklists, questionnaires, and real-world examples, illustrating how the fundamental requirements of each section are applied.

Other key features include:

  • A brief identification of each auditing section, SSAE, SSARS, and PCAOB Auditing Standard with effective dates and tips on how to apply it
  • Highlights of new requirements in the clarified auditing standards
  • Concise listing and descriptions of each section's specific mandates, including definitions
  • Easy-to-read capsule summary of interpretations, plus selected technical alerts
  • Helpful techniques for remaining compliant with each standard

New in GAAS 2016:

In 2014, the AICPA's Accounting and Review Services Committee completed a major stage of its clarity project and issued SSARS No. 21. The new guidance is effective now. SSARS No. 21 replaces all the compilation and review standards, except for guidance on compilation of pro forma financial information. It introduces major new requirements that will change practice and a new engagement, preparation of financial statements. GAAS 2016 is completely updated to reflect the clarified standards and provide valuable implementation information.

Preface ix

About the Author xi

Organization and Key Changes xiii

AU-C 200 Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Generally Accepted Auditing Standards 1

AU-C 210 Terms of Engagement 9

AU-C 220 Quality Control for an Engagement Conducted in Accordance with Generally Accepted Auditing Standards 15

AU-C 230 Audit Documentation 21

AU-C 240 Consideration of Fraud in a Financial Statement Audit 31

AU-C 250 Consideration of Laws and Regulations in an Audit of Financial Statements 59

AU-C 260 The Auditor’s Communication with Those Charged with Governance 65

AU-C 265 Communicating Internal Control Related Matters Identified in an Audit 71

AU-C 300 Planning an Audit 81

AU-C 315 Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement 87

AU-C 320 Materiality in Planning and Performing an Audit 115

AU-C 330 Performing Audit Procedures in Response to Assessed Risks and Evaluating the Audit Evidence Obtained 121

AU-C 402 Audit Considerations Relating to an Entity Using a Service Organization 151

AU-C 450 Evaluation of Misstatements Identified During the Audit 159

AU-C 500 Audit Evidence 165

AU-C 501 Audit Evidence--Specific Considerations for Selected Items 169

AU-C 505 External Confirmations 203

AU-C 510 Opening Balances--Initial Audit Engagements, Including Reaudit Engagements 219

AU-C 520 Analytical Procedures 227

AU-C 530 Audit Sampling 241

AU-C 540 Auditing Accounting Estimates, Including Fair Value Accounting Estimates and Related Disclosures 265

AU-C 550 Related Parties 277

AU-C 560 Subsequent Events and Subsequently Discovered Facts 289

AU-C 570 The Auditor’s Consideration of an Entity’s Ability to Continue as a Going Concern 303

AU-C 580 Written Representations 319

AU-C 585 Consideration of Omitted Procedures After the Report Release Date 333

AU-C 600 Special Considerations--Audits of Group Financial Statements (Including the Work of Component Auditors) 339

AU-C 610 Using the Work of Internal Auditors 359

AU-C 620 Using the Work of an Auditor’s Specialist 373

AU-C 700 Forming an Opinion and Reporting on Financial Statements 383

AU-C 705 Modifications to the Opinion in the Independent Auditor’s Report 397

AU-C 706 Emphasis-of-Matter Paragraphs and Other-Matter Paragraphs in the Independent Auditor’s Report 415

AU-C 708 Consistency of Financial Statements 423

AU-C 720 Other Information in Documents Containing Audited Financial Statements 427

AU-C 725 Supplementary Information in Relation to Financial Statements as a Whole 431

AU-C 730 Required Supplementary Information 437

AU-C 800 Special Considerations--Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks 443

AU-C 805 Special Considerations--Audits of Single Financial Statements and Specific Elements, Accounts, or Items of a Financial Statement 455

AU-C 806 Reporting on Compliance with Aspects of Contractual Agreements or Regulatory Requirements in Connection with Audited Financial Statements 467

AU-C 810 Engagements to Report on Summary Financial Statements 475

AU-C 905 Alert That Restricts the Use of the Auditor’s Written Communication 485

AU-C 910 Financial Statements Prepared in Accordance with a Financial Reporting Framework Generally Accepted in Another Country 491

AU-C 915 Reports on Application of Requirements of an Applicable Financial Reporting Framework 497

AU-C 920 Letters for Underwriters and Certain Other Requesting Parties 503

AU-C 925 Filings with the US Securities and Exchange Commission Under the Securities Act of 1933 543

AU-C 930 Interim Financial Information 549

AU-C 935 Compliance Audits 575

AT 20 Defining Professional Requirements in Statements on Standards for Attest Engagements 587

AT 50 SSAE Hierarchy 589

AT 101 Attest Engagements 591

AT 201 Agreed-Upon Procedures Engagements 615

AT 301 Financial Forecasts and Projections 627

AT 401 Reporting on Pro Forma Financial Information 655

AT 501 An Examination of an Entity’s Internal Control Over Financial Reporting That Is Integrated with an Audit of Its Financial Statements 667

AT 601 Compliance Attestation 691

AT 701 Management’s Discussion and Analysis (MD&A)--A Summary 705

AT 801 Reporting on Controls at a Service Organization 713

AR-C 60 General Principles for Engagements Performed in Accordance With Statements on Standards for Accounting and Review Services 735

AR-C 70 Preparation of Financial Statements 743

AR-C 80 Compilation Engagements 751

AR-C 90 Review of Financial Statements 773

AR 120 Compilation of Pro Forma Financial Information 807

PCAOB 1 References in Auditors’ Reports to the Standards of the Public Company Accounting Oversight Board 813

PCAOB 3 Audit Documentation 817

PCAOB 4 Reporting on Whether a Previously Reported Material Weakness Continues to Exist 823

PCAOB 5 An Audit of Internal Control Over Financial Reporting That Is Integrated with an Audit of Financial Statements 837

PCAOB 6 Evaluating Consistency of Financial Statements 857

PCAOB 7 Engagement Quality Review 861

PCAOB 8 Audit Risk 865

PCAOB 9 Audit Planning 867

PCAOB 10 Supervision of the Audit Engagement 871

PCAOB 11 Consideration of Materiality in Planning and Performing an Audit 873

PCAOB 12 Identifying and Assessing Risks of Material Misstatement 877

PCAOB 13 The Auditor’s Responses to the Risks of Material Misstatement 891

PCAOB 14 Evaluating Audit Results 899

PCAOB 15 Audit Evidence 905

PCAOB 16 Communicating with Audit Committees 909

PCAOB 17 Auditing Supplemental Information Accompanying Audited Financial Statements 915

PCAOB 18 Related Parties 919

Appendix A: Cross-References to SASs, SSAEs, and SSARSs 927

Appendix B: List of AICPA Audit and Accounting Guides and AICPA Statements of Position--Auditing and Attestation 929

Appendix C: Other Auditing Publications 931

Index 933