Summary: In the aftermath of the scandals rocking Wall Street, the pressure on auditing firms and CPAs has never been more intense. And nowhere is there a more up-to-date, user-friendly GAAS manual than this. Nicky Dauber delivers a current, comprehensive compendium of the latest authoritative auditing standards, with special emphasis on practical applications. Providing a valuable reference for accounting and auditing professionals, it explains the authoritative standards in ...show more simple and easy-to-understand language, provides definitions of key terms, and clearly and completely reviews and summarizes all requirements of authoritative standards. Dauber organizes the material in four sections: Auditing, Attestation, Accounting and Review, and the new Auditing Standards. Changes in GAAS are constant. Failing to stay current can have serious consequences, while mistakes in the application can be disastrous. This practical and effective how-to guide keeps readers abreast of the latest standards and equips them with the understanding for precise application.