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AICPA Accounting and Auditing Publications provide professionals engaged in accounting, financial reporting, audit and attest, and compilation and review services the guidance and knowledge for accurate reporting.
General Standards. The auditor must have adequate technical training and perform the audit. The auditor must maintain independence in mental matters relating to the audit. The auditor must exercise due professional care in the the audit and the preparation of the report.
One central location to access the standards and statements that the AICPA develops, issues, and enforces. Standards and statements include:
Overview. Statements on Auditing Standards (SASs) are applicable to the preparation and issuance of audit reports for nonissuers (that is, entities who are not issuers as defined by the Sarbanes-Oxley Act, and entities whose audits are not required to be conducted according to the PCAOB standards).
The Auditing Standards Board (ASB) promulgates Statements on Auditing Standards (SAS), Statements on Standards for Attestation Engagements (SSAE) and Statements on Quality Control Standards (SQCS), and, as a part of its due process, releases Exposure Drafts of proposed standards.
The AICPA Auditing Standards Board has approved new quality management standards designed to improve a firm's risk assessment and audit quality. The ASB voted Thursday to approve three standards, and the Accounting and Review Services Committee is expected to approve a standard on Wednesday.
Explore the latest AICPA audit standards, their impact on procedures, financial reporting, and auditor responsibilities.
The Codification of Statements on Auditing Standards is generally issued in January, and the U.S. Auditing Standards is issued as part of the AICPA Professional Standards in June of each year. The current U.S. Auditing Standards are available at the AICPA's Web site.
The Auditing Standards Board (ASB) is the AICPA’s senior committee for auditing, attestation, and quality control applicable to the performance and issuance of audit and attestation reports for non issuers.
The AICPA Auditing Standards Board recently issued SAS 134, Auditors Reporting and Amendments, Including Amendments Addressing Disclosures of Financial Statements, and SAS 135, Omnibus Statement on Auditing Standards—2019.