Implementing GAAS 2017-18: A Practical Guide to Auditing and Reporting

Implementing GAAS 2017-18 (Generally Accepted Auditing Standards) is a detailed guide addressing how to apply the requirements in auditing standards and related documents in the UK. This year the guide has been fully updated for the application of the revised ISAs (UK) applicable for audits of periods commencing on or after 17 June 2016, as well as the new FRC ethical standard and the quality standard ISQC1 (UK).

The FRC and other regulators regularly review the work of auditors and identify areas for improvement, such as the performance of analytical procedures, impairment testing and assessment of going concern. This comprehensive reference provides essential guidance to help you ensure that you are not at the receiving end of regulator criticism.

The guide is designed for ease of use to enable working efficiently and quickly with the standards and contains many examples, illustration 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.