The Premier Resource in US GAAP Knowledge―Thoroughly Updated to Reflect Recent Changes

Staying up to date on  the frequent revisions in US GAAP is essential for accountants and financial experts. The 2024 edition of GAAP Essentials offers unmatched coverage of  topics outlined by the Financial Accounting Standards Board (FASB), including the very latest amendments.

Each section provides in-depth discussions on key issues, references to GAAP sources, practical, real-world examples, and concise explanations of terms, concepts, and regulations.  FASB Topics are elaborated on in an accessible manner, complemented by vivid illustrations, aiding in comprehension and retention of complex information.

This edition has been meticulously updated to capture current modifications in US GAAP, making it an indispensable tool for professionals:

• Delivers a review of the most recent alterations in accounting standards.
• Provides authoritative advice on intricate issues related to specific declarations.
• Features chapters organized by topic and extensive cross-references for efficient research.
• Demonstrates application of each standard in typical, real-life situations.
• Offers numerous practical examples for implementing each standard effectively.
• Includes the latest updates on standards regarding credit losses, leases, derivatives, and introduces guidance on a new FASB Codification topic about government support.

Adhering to GAAP is crucial for proficient accounting and financial practitioners. GAAP Essentials 2024 is the essential guide for staying up-to-date with ever-changing regulations, offering the insights and direction necessary for excellence.

All course materials provided 
No additional testing, grading or certificate fees
No prerequisites
Course level: Basic
Instructional Method: Self-Study

The most comprehensive and up-to-date guide to critical auditing standards, practices, and procedures for 2023

The American Institute of Certified Public Accountants (AICPA) sets the Generally Accepted Auditing Standards―or GAAS―under which U. S. audits are conducted. Auditors must comply with and understand every aspect of GAAS to comply with AICPA standards. As a result, it is crucial for CPAs to be up to date on all applicable guidelines, rules, and regulations.

Wiley Practitioner’s Guide to GAAS 2023 delivers a thorough description and analysis of not only auditing standards―SASs―but also SSAEs, SSARSs, and the Interpretations necessary to fully understand all the latest professional standards. The 2023 Guide offers the most recent revisions to the standards, including those on:

• Audit evidence
• Auditing accounting estimates
• Use of pricing evidence
• Inquiries of predecessor auditors
• Quality management
• Materiality,
• SSAE direct examination engagements, and
• Practitioner’s review reports.
• Practical direction on the steps necessary to help you comply with GAAS
• Comprehensive guidance on the entire auditing process, from start to finish
• Explanations of all attestation and review, compilation, and preparation standards
• A glossary of relevant terminology for each subject

It explains the standards clearly and accurately, providing explicit information on how to conduct your engagements efficiently, effectively, and properly―all in one resource.

In addition, Wiley Practitioner’s Guide to GAAS 2023 provides readers with:

A crucial resource for accountants and auditors who are looking for a comprehensive explanation of the information used daily, Wiley Practitioner’s Guide to GAAS 2023 is an invaluable resource written to save you time and simplify your compliance with professional standards.