Over 50,000 auditors are guided by new and frequently revised accounting and auditing standards; compliance is critical. Wiley Practioner's Guide to GAAS (Generally Accepted Accounting Standards) 2003 will provide the guidelines to save time and perform the job better, explaining and interpreting the standards in clear, easy-to-understand language. The authors have set 90 percent of the standards themselves. This is the only GAAS reference that is organized the way practitioners use the Statements on Auditing Standards.