Wiley GAAS Guide

Course Description:

This latest resource to understanding GAAS addresses the toughest part of the job – identifying, interpreting, and applying the many audit, attest, review, and compilation standards relevant to a particular engagement. The only GAAS reference organized according to practitioners’ actual use of the Statements on Auditing Standards (SASs), inside you’ll find examples of illustrations for testing internal controls, techniques for remaining compliant with each standard, and explanations of the reasons for each pronouncement.

Wiley Practitioner’s Guide to GAAS 2013 presents each statement individually, explaining how the standards are related and offering guidance on the entire engagement process in the form of practice notes, checklists, questionnaires, and real-world examples that illustrate how the fundamental requirements of each section are applied.

Learning Objectives:

Upon successful completion of this course, participants will be able to:

• Identify how to interpret and apply the many audit, attest, review, and compilation standards relevant to a particular engagement
• Identify how to properly test internal control systems within an organization
• Identify how to remain compliant with each set of standards
• Identify how to properly explain the reasoning behind each pronouncement
• Identify each SAS, SSAE and SSARS with its’ effective date and tips on when to apply it
• Define AICPA practice alerts and advisories
• List the descriptions of each standard’s specific mandate