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 […]