Generally Accepted Auditing Standards (GAAS)

Generally Accepted Auditing Standards (GAAS),

Generally Accepted Auditing Standards (GAAS): What is the Meaning of Generally Accepted Auditing Standards (GAAS)?

  1. Generally accepted auditing standards (GAAS) are a systematic set of guidelines that auditors use when auditing a company's financial records. GAAS assists auditors in providing accuracy, consistency and authentication of actions and reports. GAAS was formed by the Board of Auditing Standards (ASB) of the American Institute of Certified Public Accountants (AICPA).

    • Generally accepted auditing standards (GAAS) are a set of principles that auditors follow when reviewing a company's financial records.
    • GAAS helps the auditor verify the accuracy, consistency and authenticity of the steps and reports.
    • Generally accepted auditing standards (GAAS) are divided into three parts: general standards, fieldwork and reporting.

  2. Conduct and report on the rules established by the American Institute of Authorized Public Accountants (AICPA), which relate to the professional standards and decisions of auditors.

Literal Meanings of Generally Accepted Auditing Standards (GAAS)

Generally:

Meanings of Generally:
  1. In most cases

  2. Usually without any special consideration or exception.

  3. far off.

Sentences of Generally
  1. The lease term is usually 99 years.

  2. A decade in which France turned globally to the left

  3. The best food in general is considered to be Canadian food.

Synonyms of Generally

more often than not, in most cases, mainly, comprehensively, in the main, for the most part, traditionally, in general, on the whole, mostly, as a rule, as a general rule, conventionally, ordinarily, popularly, normally, almost always, most of the time, generally, widely, universally, in the general run of things, commonly, extensively

Accepted:

Meanings of Accepted:
  1. Commonly seen or recognized as true or real.

Sentences of Accepted
  1. Not pretty in the accepted sense

Auditing:

Meanings of Auditing:
  1. Perform formal financial audits (of the company or its accounts)

  2. Attend informal (courses) without working on debt.

  3. Regular review of the organization's accounts, usually by an independent body.

Sentences of Auditing
  1. Unlimited companies will also have to audit their accounts

  2. Results used from business courses you audited

  3. No audit can be expected to uncover all cases of fraud.

Synonyms of Auditing

peruse, probe, check into, scrutinize, check, be an observer at, review, be present at, survey, go over with a fine-tooth comb, dig into, go over, analyse, inquire into, dissect, evaluate, observe, look into, vet, assess, examine, delve into, investigate, study, appraise, attend, look over

Standards:

Meanings of Standards:
  1. A measure of quality or performance.

  2. Something used as a measure, standard or model in benchmarking.

  3. (Especially in relation to jazz or blues) A ​​popular song of rave or popular popularity.

  4. Military or ceremonial flags are hoisted on poles or waved on ropes.

  5. A tree or shrub that grows taller on a vertical trunk.

  6. Vertical piping for water or gas.

  7. Used or accepted as normal or medium.

  8. (From a tree or bush) Intact, growing on a standing trunk.

Sentences of Standards
  1. The restaurant offers a high quality service.

  2. Low wages by today's standards

  3. Many songs went to the western part of the country, other songs were standard jazz and Kiss Nova Pop.

  4. Sir Marcus Versley paid tribute to the Queen Mother and members of the Malton and Norton branches of the British Royal Legion raised flags.

  5. Regular tax rate

  6. Standard axes are useful in places where elevation is urgently needed.

Synonyms of Standards

pattern, routine, canon, common, wonted, quality, ordinary, streamer, prevailing, typical, pennon, colours, merit, banner, criterion, conventional, flag, settled, banderole, touchstone, exemplar