Statements on Auditing Standards (SAS)

[STATE-ments on AW-dih-ting STAN-durds]

What is the definition of Statements on Auditing Standards (SAS)?

Statements issued by the Auditing Standards Board of the American Institute of Certified Public Accountants (AICPA) that provide guidelines for auditors to follow in the conduct of an audit.

Using Statements on Auditing Standards (SAS) in an Example

The Statements on Auditing Standards guide the auditor on how to assess the risk of material misstatement in a financial statement audit, ensuring that the audit is conducted in accordance with generally accepted auditing principles.

Using Statements on Auditing Standards (SAS) in a sentence

During the audit planning meeting, the lead auditor emphasized the importance of adhering to the Statements on Auditing Standards to ensure compliance and thoroughness in our audit procedures.

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