Auditing Standards
/ˈɔːdɪtɪŋ ˈstændərdz/
Definitions
- (n.) Formal guidelines and principles issued by recognized authorities regulating the conduct of financial audits.
Auditors must comply with auditing standards to ensure the financial statements are fairly presented.
Forms
- auditing standards
Related terms
See also
Commentary
Auditing standards provide a framework for audit quality and auditor accountability; drafters should specify applicable standards by jurisdiction or authoritative body when relevant.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.