They are promulgated by the Auditing Standards Board of the American Institute of Certified Public Accountants (AICPA.
SAS 99 Consideration of Fraud in a Financial Statement Audit. In the United States, Statements on Auditing Standards provide guidance to external auditors on generally accepted auditing standards (abbreviated as GAAS) in regards to auditing a non-public company and issuing a report. “Importantly, we’ve developed a crosswalk to help firms start the implementation process and understand how they can transition from the current quality control standards to the new quality management standards. GAAP Generally Accepted Auditing Standards GASB Governmental Accounting Standards. “The ASB’s outreach and feedback through the public comment process significantly helped to shape the final standards,” said AICPA Chief Auditor Jennifer Burns. The standards have been adapted for use by CPA firms in the United States based on the International Auditing and Assurance Standard Board's quality management standards, which take effect December 15, 2022. The new standards are effective December 15, 2025, and the AICPA recommends that firms begin the implementation process now. provide generally accepted auditing standards for the audits of nonissuers provides guidance for other services such. It is intended to help practitioners properly record transactions according to generally accepted accounting. This guide provides valuable guidance to auditors and accountants working in the area of state and local governments. “The new standards create a scalable system that allows firms to tailor risk assessment based on their particular circumstances and the kinds of engagements they conduct.” The American Institute of Certified Public Accountants (AICPA) has published its Audit and Accounting Guide, State and Local Governments, updated through March 1, 2021. “When it comes to quality management, one size doesn’t fit all,” said Sara Lord, CPA, chair of the Auditing Standards Board (ASB) and co-chair of the board’s quality management task force.