AICPA Statements on Auditing Standards

AICPA Statements on Auditing Standards - AICPA Statements...

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AICPA Statements on Auditing Standards (SASs) pg 47 leftoff These are basically detailed guidelines (do not provide a specific procedure) of the 10 GAAS standards. They are the most authoritative references that auditors can utilize to resolve problems encountered during the audit of a nonpublic company. The authoritative status of the SASs is derived from the AICPA Code of Professional Conduct (Rule 202). Keep in mind, that compliance with auditing standards does not represent an ideal level of audit performance, but rather a minimum standard for all engagements. Each SAS is identified under two numbering systems: the original SAS number and an AU number. The SAS numbering system organizes the Ass by date of issue, whereas the AU numbering system organizes them by topic. SAS 1: A codification of 54 Statements previously issued over many years by the Committee on Auditing Procedure, a predecessor of the ASB. It was released in 1972 to provide more detailed guidance than is available from the 10 GAAS. SAS 105:
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AICPA Statements on Auditing Standards - AICPA Statements...

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