Generally Accepted Government Auditing Standards

.Generally Accepted Auditing Standards, or GAAS are sets of standards against which the quality of are performed and may be judged. Several organizations have developed such sets of principles, which vary by territory. In the United States, the standards are promulgated by the, a division of the (AICPA).AU Section 150 states that there are ten standards: three general standards, three fieldwork standards, and four reporting standards.

Sfg soccer mac download. These standards are issued and clarified, with the first issued in 1972 to replace previous guidance. Typically, the first number of the AU section refers to which standard applies. However, in 2012 the significantly revised the standards and replaced AU Section 150 with AU Section 200, which does not explicitly discuss the 10 standards.In the United States, the develops standards (Auditing Standards or AS) for publicly traded companies since the 2002 passage of the; however, it adopted many of the GAAS initially. The GAAS continues to apply to non-public companies.

The Generally Accepted Government Auditing Standards, sometimes displayed as the acronym GAGAS, provides instruction and guidance for performing audits based on the ideals of competence, integrity, objectivity and independence. Government Auditing Standards, often referred to as the Yellow Book, is the publication that presents generally accepted government auditing.