The general standards The field standards The documentation standards The reporting standards Interpretive publications consist of auditing Interpretations of the SASs, appendixes to the SASs, auditing guidance included in AICPA Audit and Accounting Guides, and AICPA auditing Statements of Position
Generally Accepted Auditing Standards (Supersedes SAS No
,1, section 150) Effective for audits of financial statements for periods beginning on December 15, 2001, unless otherwise indicated
The Auditing Standards Board (ASB) of the American Institute of Certified Public Accountants (AICPA) created GAAS
Its members agree to adhere to the standards
Generally accepted auditing standards (GAAS) are principles that auditors follow when reviewing a company's financial records
Generally Accepted Auditing Standards (GAAS) are a set of principles and requirements that provide the basis for how an auditor prepares for, performs, and reports the results of audits.
GAAS or Generally Accepted Auditing Standards meaning refers to the rules and guidelines an auditor is supposed to follow when auditing the financial statements and accounts of a company. It is mandatory for each auditor to take these set of guidelines into consideration when auditing the financial statements and Accounting records.Generally Accepted Auditing Standards, or GAAS are sets of standards against which the quality of audits are performed and may be judged. Several organizations have developed such sets of principles, which vary by territory.What Does GAAS Mean? Auditing Standards Example Definition: Generally Accepted Auditing Standards are the rules that govern auditing practices in the United States. The Auditing Standards Board, a part of the American Institute of Certified Public Accountants, creates GAAS to establish auditing practice standards and rules.