This practical and effective step-by-step guide helps auditors and CPAs apply and comply with authoritative auditing standards. It explains the standards and their requirements fully, using technical terminology only when necessary. It represents a comprehensive, up-to-date compendium of current auditing standards and emphasizes practical applications to implement audit standards and requirements. Nick A. Dauber, MS, CPA (Queens, NY), is author of several CPA books and an accounting practitioner and an instructor of auditing and tax at Queens College of the City University of New York. Anique Ahmed Qureshi PhD, CPA, CIA, has written and published ten books and is professor of accounting and information systems at Queens College of the City University of New York. Marc H. Levine, PhD, CPA, has written five books on auditing and financial accounting topics. Joel G. Siegel, PhD, CPA, is the author of over 50 books and has written hundreds of articles for accounting and financial journals.