It ensures that the auditor who performs these checks has accuracy, consistency, and verifiability on the quality of companies' financial records. GAAS came into being by the Auditing Standards Board (ASB) of the American Institute of Certified Public Accountants (AICPA). These systematic guidelines are referred to as Generally Accepted Auditing Standards aka GAAS. While performing such checks, there are a set of rules/guidelines which an auditor is supposed to mandatorily follow. It could be changes made to date, ledger masters and amounts in the voucher. An auditor’s primary job is to perform an audit or track changes that affect the integrity of a transaction. What Are Generally Accepted Auditing Standards (GAAS)?Īuditing is a crucial process in any organisation. What Are Generally Accepted Auditing Standards (GAAS).
0 Comments
Leave a Reply. |