Wiley Practitioner's Guide to GAAS 2013: Covering all SASs, SSAEs, SSARSs, and Interpretations

ORGANIZATION AND KEY CHANGES

This book reduces the official language of Statements on Auditing Standards (SASs), Statements on Standards for Attestation Engagements (SSAEs), Statements on Standards for Accounting and Review Services (SSARSs), Public Company Accounting Oversight Board (PCAOB) Auditing Standards, and the interpretations of those standards into easy-to-read and understandable advice. It is designed to help CPAs in the application of, and compliance with, authoritative standards. Because this year marks the transition to the clarified standards resulting from the AICPA’s Clarity Project, references to the extant standards include “AU,” while references to the clarified standards include “AU-C.” It is important to refer to the Preface for additional information.

This book follows the sequence of sections of the AICPA Codification of Statements on Auditing Standards, the Codification of Statements on Standards for Attestation Engagements, and the Codification of Statements on Standards for Accounting and Review Services. Sections are divided into the following easy-to-understand parts:

Effective Date and Applicability. A handy, brief identification of the original standard for the section, its effective date, and the circumstances that require the application of the section.

Definitions of Terms. A glossary of official definitions that gathers in one place explanations of terms that are ordinarily scattered throughout a standard.

Objectives of Section. A behind-the-scenes ...