The Standards on Auditing: An Introduction

In addition to enhancing professional accountants’ standards of practice, standards for auditing, reviews, other assurance, quality control, and associated services aim to enhance public trust in financial reporting by producing high-quality audits. SAS will apply to any independent review of financial data conducted by a firm, regardless of its size or legal status, and regardless of whether it is attempting to earn a profit. SAs must submit applications together since they are all connected. This numbering scheme is similar to that used by the IAASB for its international auditing standards. A number of engagement and quality control standards have been […]