generally accepted auditing standards

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In the USA, the ten broad guidelines set down by the Auditing Standards Board of the American Institute of Certified Public Accountants (AICPA). There are currently three General Standards, three Field Work Standards, and four Standards of Reporting. In carrying out audit work for a client, a certified public accountant is also obliged to apply generally accepted accounting principles. See also auditing standards; International Standard on Auditing; Statement of Auditing Standards; Statement on Auditing Standards; Statement on Internal Auditing Standards.

Subjects: Accounting.

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