Miller Gaas Guide 2003: A Comprehensive Restatement of Standards for Auditing, Attestation, Compilation, and Review

by Bailey, Larry P.

• ISBN13: 9780735532717
• ISBN10: 0735532710
• Format: Paperback
• Copyright: 2002-10-01
• Publisher: Wolters Kluwer

Summary

Delivers the latest pronouncements so CPAs and other financial professionals can perform flawless engagements. Updated throughout with the very latest on SAS-95, SAS-96, SSAE-11, and recent auditing interpretations.

Table of Contents

Our Peer Review Policy	v
Peer Review Statement	vi
Preface	xi
About the Author	xiv
Introduction
Responsibilities and Functions of the Independent Auditor	3	(1)
Generally Accepted Auditing Standards	4	(5)
The Relationship of Generally Accepted Auditing Standards to Quality Control Standards	9	(6)
The General Standards
Nature of the General Standards	15	(1)
Training and Proficiency of the Independent Auditor	16	(2)
Independence	18	(4)
Due Care in the Performance of Work	22	(7)
The Standards of Field Work
Appointment of the Independent Auditor	29	(5)
Planning and Supervision	34	(16)
Audit Risk and Materiality in Conducting an Audit	50	(19)
Substantive Tests Prior to the Balance Sheet Date	69	(5)
Communications between Predecessor and Successor Auditors	74	(8)
Consideration of Fraud in a Financial Statement Audit	82	(21)
Illegal Acts by Clients	103	(6)
Consideration of Internal Control in a Financial Statement Audit	109	(21)
The Auditor's Consideration of the Internal Audit Function in an Audit of Financial Statements	130	(6)
Service Organizations	136	(17)
Communication of Internal Control Related Matters Noted in an Audit	153	(11)
Evidential Matter	164	(5)
Analytical Procedures	169	(21)
The Confirmation Process	190	(14)
Inventories	204	(7)
Auditing Derivative Instruments, Hedging Activities, and Investments in Securities	211	(8)
Management Representations	219	(9)
Related Parties	228	(7)
Using the Work of a Specialist	235	(7)
Inquiry of a Client's Lawyer Concerning Litigation, Claims, and Assessments	242	(9)
Audit Documentation	251	(10)
The Auditor's Consideration of an Entity's Ability to Continue as a Going Concern	261	(11)
Auditing Accounting Estimates	272	(20)
Audit Sampling	292	(39)
Communication with Audit Committees	331	(6)
Consideration of Omitted Procedures after the Report Date	337	(6)
The First, Second, and Third Standards of Reporting
Adherence to Generally Accepted Accounting Principles	343	(2)
The Meaning of ``Present Fairly in Conformity with Generally Accepted Accounting Principles''	345	(7)
Consistency of Application of Generally Accepted Accounting Principles	352	(8)
Adequacy of Disclosures in Financial Statements	360	(3)
Segment Information	363	(4)
The Fourth Standard of Reporting
Association with Financial Statements	367	(7)
Reports on Audited Financial Statements	374	(35)
Dating of the Independent Auditor's Report	409	(3)
Restricting the Use of an Auditor's Report	412	(6)
Reporting on Financial Statements Prepared for Use in Other Countries	418	(6)
Part of Audit Performed by Other Independent Auditors	424	(8)
Lack of Conformity with Generally Accepted Accounting Principles	432	(2)
Other Information in Documents Containing Audited Financial Statements	434	(3)
Reporting on Information Accompanying the Basic Financial Statements in Auditor-Submitted Documents	437	(4)
Reporting on Condensed Financial Statements and Selected Financial Data	441	(4)
Required Supplementary Information	445	(7)
Subsequent Events	452	(6)
Subsequent Discovery of Facts Existing at the Date of the Auditor's Report	458	(9)
Other Types of Reports
Engagements to Apply Agreed-Upon Procedures to Specified Elements, Accounts, or Items of a Financial Statement	467	(1)
Special Reports	468	(23)
Reports on the Application of Accounting Principles	491	(7)
Letters for Underwriters and Certain Other Requesting Parties	498	(27)
Special Topics
Filings under Federal Securities Statutes	525	(6)
Interim Financial Information	531	(26)
Compliance Auditing
Compliance Auditing Considerations in Audits of Governmental Entities and Recipients of Governmental Financial Assistance	557	(6)
Special Reports of the Committee on Auditing Procedure
Public Warehouses---Controls and Auditing Procedures for Goods Held	563	(4)
AT Section: Statements on Standards for Attestation Engagements
Attest Engagements	567	(22)
Agreed-Upon Procedures Engagements	589	(8)
Financial Forecasts and Projections	597	(25)
Reporting on Pro Forma Financial Information	622	(10)
Reporting on an Entity's Internal Control Over Financial Reporting	632	(15)
Compliance Attestation	647	(15)
Management's Discussion and Analysis	662	(31)
AR Section: Statements on Standards for Accounting and Review Services
Compilation and Review of Financial Statements	693	(96)
Reporting on Comparative Financial Statements	789	(14)
Compilation Reports on Financial Statements in Certain Prescribed Forms	803	(3)
Communications between Predecessor and Successor Accountants	806	(3)
Reporting on Personal Financial Statements Included in Written Personal Financial Plans	809	(4)
Accounting Resources on the Web	813	(10)
Cross-Reference	823	(20)
Index	843	(38)
About the CD-ROM	881	(2)
CD-ROM Contents	883