Joanne M. Flood - Wiley Practitioner's Guide to GAAS 2020

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1 Cover

2 Preface—Organization and Key Changes 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.

3 About the Author ABOUT THE AUTHOR Joanne M. Flood , CPA, is an author and independent consultant on accounting and auditing technical topics and e-learning. She has experience as an auditor in both an international firm and a local firm and worked as a senior manager in the AICPA’s Professional Development group. She received her MBA summa cum laude in accounting from Adelphi University and her bachelor’s degree in English from Molloy College. Joanne received the New York State Society of Certified Public Accountants Award of Honor for outstanding scholastic achievement at Adelphi University. Joanne also has a certificate in Designing Interactive Multimedia Instruction from Teachers College, Columbia University. While in public accounting, Joanne worked on major clients in retail, manufacturing, and finance and on small business clients in construction, manufacturing, and professional services. At the AICPA, Joanne developed and wrote e-learning, text, and instructor-led training courses on US and international standards. She also produced training materials in a wide variety of media, including print, video, and audio, and pioneered the AICPA’s e-learning product line. Joanne resides on Long Island, New York, with her daughter, Elizabeth. Joanne is the author of the following Wiley publications: Financial Disclosure Checklist Wiley GAAP 2020: Interpretation and Application of Generally Accepted Accounting Principles Wiley Practitioner’s Guide to GAAS 2020: Covering All SASs, SSAEs, SSARSs, and Interpretations Wiley GAAP: Financial Statement Disclosures Manual (Wiley Regulatory Reporting), coming soon Wiley Revenue Recognition

4 1AU-C 200 Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Generally Accepted Auditing Standards 1 AU-C 200 Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Generally Accepted Auditing Standards Scope Definitions of Terms Objectives of AU-C Section 200 Requirements Management’s Responsibilities Auditor’s Objectives Ethical Requirements Professional Judgment and Skepticism Complying with GAAS GAAS and the GAAS Hierarchy