Wiley Practitioner's Guide to GAAS 2018, 2nd Edition

Preface—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), 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.

Clarified Auditing Standards

The AICPA's clarified auditing standards are now fully implemented. This Preface contains additional information on the clarity project.

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:

1. Original Pronouncement. A handy, brief identification of the original standard for the Section.
2. Definitions of Terms. A glossary of official definitions that gathers in one place explanations of terms that are ordinarily scattered throughout a standard.
3. Objectives of Section. A behind-the-scenes explanation of the reasons for the pronouncement and a capsule explanation of the most basic ideas of the section.
4. Requirements. Concise listing and descriptions of those things specifically mandated by the section, and helpful techniques for complying with the fundamental ...