What Are Generally Accepted Auditing Standards?

Generally accepted auditing standards, referred to as GAAS. GAAS is issued by the Auditing Standards Board (ASB) of the American Institute of Certified Public Accountants (AICPA).

Generally accepted auditing standards

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Generally accepted auditing standards, referred to as GAAS. GAAS is issued by the Auditing Standards Board (ASB) of the American Institute of Certified Public Accountants (AICPA).

Generally accepted auditing standards, generally accepted auditing standards, referred to as GAAS.

GAAS is issued by the Auditing Standards Board (ASB) of the American Institute of Certified Public Accountants (AICPA), and it provides principles for auditors and their work. In October 1947, the American Institute of Certified Public Accountants presented a report on "A Pilot Explanation of Auditing Standards-General Recognized Points and Scope of Auditing Standards", which was formally adopted in September 1948. At this time, generally accepted auditing standards have three parts and nine standards. When it was revised in 1954, 1 standard was added after 9 standards. Articles 5 and 8 of the Statement of Auditing Standards No. 55 and No. 58 issued in 1988 were revised. These 10 generally accepted auditing standards have been used to this day. The content includes: general guidelines (3), field work guidelines (3), and reporting guidelines (4). The standards are interconnected, and the concepts of importance and risk have an impact on the application of all standards, especially the field work and reporting standards, which have a greater impact. To facilitate the implementation and implementation of generally accepted auditing standards, the American Institute of Certified Public Accountants has also issued a series of Statements on Auditing Standards (SASs). Generally accepted auditing standards and the Audit Standards Specification are two important authoritative documents, requiring all personnel engaged in auditing work to comply with the circumstances. Generally accepted auditing standards, in addition to the United States certified public accountants must follow, the establishment of other auditing outside the field of civil auditing and other national auditing standards and even international auditing standards. Have had a huge impact.