Miller GAAS Guide 2006: A Comprehensive Restatement of Standards for Auditing, Attestation, Compilation, and Review

The Miller GAAS Guide describes the engagement standards, practices and procedures in use today--including Statements on Auditing Standards and their Interpretations, Statements on Standards for Attestation Engagements and their Interpretations, and Statements on Standards on Accounting and Review Services and their Interpretations.

The book's sensible organization follows the arrangement of the AICPA's Professional Standards.

Within each section, an organizational structure is used that is both simple and insightful. Each section begins with "Authoritative Pronouncements", listing the auditing-related documents that are pertinent to the section. An Overview is provided, followed by a Promulgated Procedures Checklist that identifies the essential professional responsibilities that must be satisfied in each part of an engagement. Under Analysis and Application of Reporting Standards, readers will find a concise discussion of how each specific promulgated procedure should be supplied. Finally, many of the sections have Practitioner's Aids to help apply the promulgated standards to specific engagements.

Within each section, readers are alerted to key guidance to help plan engagements. This guidance is classified as a Risk Assessment Point, an Engagement Strategy, a Planning Aid Reminder, or an Observation.

To help sensitive CPAs to issues affecting auditor reponsibility for fraud, this edition contains "Fraud Pointers" that integrate fraud issues related to a particular professional standard's requirement. This should aid CPAs in considering fraud risks throughout the entire audit engagement.

Also, to help CPAs stay abreat of potential changes affecting AICPA professional standards, this edition contains new overviews of outstanding exposure drafts. These overviews, labeled "Important Notice for 2006 Engagements," highlight key elements of possible changes to existing professional standards.

All of the exhibit material in the book appears on the free companion CD-ROM that comes with Miller GAAS Guide. The sample letters, reports, and checklists found in the text can be printed and customized to meet all of your auditing needs.

The Guide also includes a cross-reference to the original pronouncements and a detailed topical index.

The Miller GAAS Guide meets accounting industry standards overseen by the peer review system and contains a document covering the peer review of this book.

Mark S. Beasley is a Professor in the Department of Accounting and the Director of the Enterprise Risk Management Program at North Carolina State University in Raleigh, NC where he teaches auditing courses in the undergraduate and masters programs. Dr. Beasley received a BS in accounting from Auburn University and a Ph.D. from Michigan State University. He is a Certified Public Accountant (CPA) in North Carolina and has worked in public accounting where he was an Audit Manager with Ernst & Young. Dr. Beasley also worked as a Technical Manager with the AICPA’s Auditing Standards Division in New York City. He is a member of the American Institute of Certified Public Accountants, the American Accounting Association, the Institute of Internal Auditors, and the Association of Certified Fraud Examiners.

Dr. Beasley actively conducts research related to financial statement fraud, corporate governance, and auditor quality. His work has been published in journals such as the Journal of Accounting Research, Contemporary Accounting Research, Auditing: A Journal of Practice & Theory, Accounting Horizons, Journal of the American Taxation Association, Journal of Accountancy, and The CPA Journal, among numerous others. Dr. Beasley currently serves as a member of COSO’s Board. He recently served on COSO’s Enterprise Risk Management project Advisory Council and the AICPA’s Antifraud Programs and Controls Task Force. He has previously served on Auditing Standards Board task forces, including the SAS No. 99 Fraud Task Force. Dr. Beasley is the co-author of several continuing education courses, an auditing textbook, and an auditing casebook. Joseph V. Carcello is a Professor in the Department of Accounting and Information Management and the Director of Research of the Corporate Governance Center at the University of Tennessee in Knoxville, TN where he teaches auditing and financial accounting courses in the undergraduate and master's programs. Dr. Carcello received a BS in accounting from SUNY at Plattsburgh, a MAcc from the University of Georgia, and a Ph.D. from Georgia State University. He is a Certified Public Accountant (CPA), a Certified Internal Auditor (CIA), and a Certified Management Accountant (CMA). Dr. Carcello worked in public accounting where he was an Audit Senior with Ernst & Young. He is a member of the American Institute of Certified Public Accountants, the American Accounting Association, the American Bar Association (associate), the Association of Certified Fraud Examiners, the Financial Executives International, the Institute of Internal Auditors, the Institute of Management Accountants! , and the National Association of Corporate Directors.

Dr. Carcello has taught continuing professional education courses for two of the Big 4 accounting firms, AICPA, Institute of Internal Auditors, The Institute of Management Accountants, the Tennessee and Florida Societies of CPAs, local and regional accounting firms, and he has provided consulting services on revenue recognition to the software industry. He also has served as an expert witness for the Securities and Exchange Commission. Dr. Carcello also serves as a member of COSO’s Small Business Control Guidance Advisory Group Task Force.

Dr. Carcello actively conducts research related to corporate governance (particularly audit committee performance), fraudulent financial reporting, and going-concern reporting. His work has been published in journals such as The Accounting Review, Journal of Accounting Research, Contemporary Accounting Research, Auditing: A Journal of Practice & Theory, Accounting Horizons, Journal of Accounting and Public Policy, Journal of Accountancy, among numerous others. Dr. Carcello is the co-author of the Miller GAAP Guide and a financial accounting textbook.