Audit Reports

Definitions

External Audit Independent Auditor Financial Statements Shareholders Statutory Audit Internal Audit Audit Reports

An external audit is a review of the financial statements or operations of a company conducted by an independent auditor. It serves as a key measure for shareholders to ensure the accuracy and reliability of financial information.

Read more about External Audit.

Definitions

Generally Accepted Auditing Standards (GAAS)

GAAS Generally Accepted Auditing Standards Auditing Financial Statements Audit Reports Auditor Guidelines

Generally Accepted Auditing Standards (GAAS) are a set of systematic guidelines used by auditors when conducting audits on companies' financial statements. These standards ensure the accuracy, consistency, and verifiability of auditors' actions and reports.

Definitions

Statement on Auditing Standards (SAS)

Statement on Auditing Standards Auditing Standards American Institute of Certified Public Accountants Auditing Standards Board AICPA Audit Reports U.S. Auditing Standards

Statement on Auditing Standards (SAS) are issued by the Auditing Standards Board (ASB) of the American Institute of Certified Public Accountants (AICPA) to establish accepted U.S. auditing standards. Members of AICPA must explain any deviations from SAS principles in their audit reports.