What are Generally Accepted Auditing Standards (GAAS)? A set of standards and principles that ensures a company's audit conforms to set quality standards and meets the audit's objectives. The ...

The American Institute of CPAs’ Accounting and Review Services Committee has issued a new standard for accounting and review services as part of an effort to align its standards with both ...

A new auditing interpretation from the AICPA Auditing Standards Board (ASB) addresses how the auditor might report when the audit is conducted in accordance with both generally accepted auditing ...

DEBATE HAS RAGED FOR YEARS i n financial and accounting circles over issues of independence, auditing and accounting standards, and corporate governance. In the event of an auditing malfeasance trial, ...

In the accounting profession, the concept of materiality in financial reporting comes from two distinct areas: Generally accepted accounting principles (GAAP), and generally accepted auditing ...

An auditor must make key decisions regarding what controls to trust, what controls to inspect and what weight to place on all the tests associated with auditing the financial practices of a company.