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Distinguish between generally accepted auditing standard and generally accepted accounting principle?

general standards field work of standards reporting standards


What is the difference between SAS AU and Auditing standard AU?

The AU's are the Generally Accepted Auditing Standards as promulgated by the ASB (a committee of the AICPA). They are numbered in sections: AU 100s - Introduction AU 200s - General standards AU 300 - Standards of Fields work and so on The Statements on Auditing Standards (SAS) are also issued by the ASB. They are statements made by the ASB that help auditors understand how to meet the requirements of the AUs and are they are numbered consecutively as the pronouncements are issued. So, for example, SAS 106 pertains to audit evidence. Audit evidence falls under standards of field work so SAS 106 is incorporated into the 300 section of the AUs, in Section 326 to be specific. There is more specific guidance in the form of interpretation that is AU 9326. When you see an AU that starts with a 9 it is an interpretation of the same number AU.


What is the Difference Between Financial and Operational Auditing?

harnessing energy,improving industry,air pollution,changing values,modestication of nature


The similarities and differences between standards and budgets?

One similarity between standards and budgets is they are both predetermined costs. A major difference is that companies can report inventories using standard costs but not budget costs.


What are the differences between accountancy and auditng?

Accountancy is creatiing figures - auditing is checking them

Related Questions

The difference between accounting policies and accounting bases?

The difference between accounting and auditing?"


Distinguish between generally accepted auditing standard and generally accepted accounting principle?

general standards field work of standards reporting standards


What is the main difference between Public Sector Auditing and Private Sector Auditing?

public sector audit is different from private sector audit


What is the difference between voluntary standards and regulatory standards?

no idea aye


What is the difference between the Burch procedure and the Marshall-Marchetti-Krantz procedure?

The major difference between these procedures is the method for supporting the bladder


What is the difference between a patient day sheet and procedure day sheet?

what is the difference between a patient day sheet and a procedure day sheet.


What is the difference between a function and Procedure?

Girraf


What is the difference between RMI remote procedure call?

I think the difference is that RMI uses AAAAAA and the procedure uses BBBB


What is the difference between procedure and schedule?

Schedule is when something happens and procedure is what gets done.


What is the difference in processor and procedure?

in the subject LANGUAGE PROCESSOR OR SYSTEM PROCESSOR I WOULD LIKE TO KNOW THE DIFFERENCE BETWEEN PROCESSOR AND PROCEDURE


What is the reationship beTween GAAp and GAAs?

GAAP (Generally Accepted Accounting Principles) is a set of accounting rules and standards used in the United States, while GAAS (Generally Accepted Auditing Standards) is a set of auditing standards used by auditors when examining and reporting on financial statements. While GAAP provides guidelines for how financial statements should be prepared, GAAS provides guidelines for how auditors should conduct their audits and issue their reports. In summary, GAAP focuses on accounting principles, while GAAS focuses on auditing standards.


What is the difference between values and standards?

well its quit interesting