Implementing GAAS 2015-16

Implementing GAAS 2015-16 (Generally Accepted Auditing Standards) provides guidance on all extant UK auditing standards and supporting Practice Notes, Bulletins and other relevant material. The annual title is a practical, up-to-date guide to the ever-expanding and increasingly complex auditing standards and related guidance of which auditors must apply on a daily basis.

The book ensures you have information at your fingertips to help ensure a quality audit. It contains many examples, illustrations of recent reports and coverage of problem areas. As such, it is an ideal reference for practitioners, auditors, students, accountants in business and anyone else involved in auditing and reporting. In over 900 pages it provides a practical, up-to-date and extensive guidance on the application of all documents (including ISAs) issued by the Financial Reporting Council extant at 30 April 2015.

Implementing GAAS explains how the auditing standards, practice notes and bulletins, together with other relevant guidance, are applied in practice. The changes in the documents described for Auditing and Reporting will all therefore be dealt with from a practical perspective in this volume. With so much change, save the time to look each item up individually and work out how to implement it by using this book.

This year’s edition has the following new areas of explanation and commentary:

• Revisions to ISAs (UK and Ireland) 260, 570, 700
• Revisions to the UK Corporate Governance Code
• A new separate chapter on the entity’s use of service organisations
• A new separate chapter on review engagements and
• Issues for the auditors arising from the implementation of FRS 102 The Financial Reporting Standard applicable in the UK and Ireland (TECH 13/14AAF)

Chapters have been updated throughout with respect to Auditing Standards and other guidance extant at 30 April 2015.