Generally Accepted Auditing Standards (GAAS)

The video tutorial explains Generally Accepted Auditing Standards (GAS) and their role in auditing U.S. companies. It distinguishes GAS from Generally Accepted Accounting Principles (GAP) and outlines the standards and procedures auditors must follow. The tutorial covers the components of GAS, including PCAOB and ASB standards, and highlights the fundamental principles of responsibilities, performance, and reporting.

What is the role of the PCAOB in relation to GAS?

How do interpreted publications contribute to the application of GAS?