A1-Professional Standards Flashcards

1
Q

what is statements on auditing standards - SAS?

A
  • SAS provide auditing standards for the audits of NON ISSUERS (private company)
  • AICPA auditing standards board
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2
Q

what is public company accounting oversight board auditing standards - PCAOB AS?

A
  • PCAOB AS provide auditing standards for audits of ISSUERS (public company)
  • Public Company Accounting Oversight Board
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3
Q

what is generally accepted government auditing standards - GAGAS?

A
  • GAGAS provide guidance for audits of GOVERNMENT organizations, programs, activities, and of entities that receive government funds
  • Governmental Accountability Office
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4
Q

what does statements on standards for attestation engagements (SSAE) apply to?

A

Examination, a review, or agreed-upon procedures report on a subject matter, or an assertion about a subject matter, that is the responsibility of another party

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5
Q

what does statements on standards for accounting and review services (SSARS) apply to?

A
  • preparation, compilation, and reviews of historical financial statements: nonissuers
  • preparation or compilation of pro forma financial information and forecasts: nonissuers
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