Auditing standards, also known as Generally Accepted
Auditing Standards (GAAS)
Auditing standards provide requirements and guidance for auditors regarding performing
audit engagements. Auditing standards may be set by national or international
organizations, such as the International Auditing and Assurance Standards Board
(IAASB) and adopted by national regulatory bodies. Auditing standards enhance quality
and consistency of audit engagements and strengthen public confidence in the auditing
profession.