Wiley Practitioner's Guide to Gaas 2007 Covering All Sass, Ssaes, Ssarss, And Interpretations

The clearest, easiest-to-use guide to understanding GAAS 2007 on the market-fully updated! This latest resource to understanding GAAS addresses the toughest part of an accountanta?s job-identifying, interpreting, and applying the many audit, attest, review, and compilation standards relevant to a particular engagement. Wiley Practitionera?s Guide to GAAS 2007 offers the accounting professional a clear, accessible distillation of the official language of those standards, Statements on Standards for Attestation Engagements (SSAEs), and Statements on Standards for Accounting and Review Services (SSARSs)-as well as advice on exactly when and how to remain fully compliant with each. The only GAAS reference organized according to practitionersa? actual use of the Statements on Auditing Standards,Wiley Practitionera?s Guide to GAAS 2007 presentseach statement individually, explaining how thestandards are related and offering guidance onthe entire engagement process in the form of practicenotes, checklists, questionnaires, and real-worldexamples that illustrate how the fundamental requirements of each section are applied. Other key features include: A brief identification of each SAS, SSAE, and SSARS, with its effective date and tips on when to apply it A convenient and comprehensive glossary of official definitions, which are usually scattered through-out a standard Behind-the-scenes explanations of the reasons for each pronouncement and brief explanations of the basic ideas of the section Concise listing and descriptions of each standarda?s specific mandates Easy-to-read capsule summary of interpretations, plus selected AICPA practice alerts and advisories Helpful techniques for remaining compliant with each standard New in GAAS 2007! Audit Risk Assessment suite of standards, SAS Nos. 104 - 111, including new requirements related to: Understanding internal control Performing audit procedures Evaluating misstatements and audit differences Assessing audit risk And more SAS No. 103, Audit Documentation SAS No. 112, Communicating Internal Control Matters Noted in an Audit, including new definitions and guidance on evaluating the severity of control deficienciesRamos, Michael J. is the author of 'Wiley Practitioner's Guide to Gaas 2007 Covering All Sass, Ssaes, Ssarss, And Interpretations', published 2006 under ISBN 9780471798309 and ISBN 0471798304.