How GAAS and GAGAS Differ and Why

Generally Accepted Auditing Standards (GAAS) have existed for many years. On the other hand, Generally Accepted Government Auditing Standards (GAGAS) were first published by the Government Accountability Office (nee General Accounting Office) in 1972 and were revised as recently as August 2011. Why are...

Quality Control Under Generally Accepted Auditing Standards

by Donald Ressiguie * The auditing and attestation standards under GAAS and PCAOB standards govern the conduct of specific audits and the methods and manner of their performance. In addition, standards of quality control apply to both specific engagements and the overall auditing practice both for...