Auditing Standards Board - ASB

Dictionary Says

Definition of 'Auditing Standards Board - ASB'


The American Institute of Certified Public Accountants' (AICPA) senior technical committee for auditing, attestation and quality control. The Auditing Standards Board produce statements, standards and guidance to certified public accountants (CPAs) for non-public company audits. The Auditing Standards Board exists to service "the public interest by improving existing and enabling new audit and attestation services."
Investopedia Says

Investopedia explains 'Auditing Standards Board - ASB'


The Auditing Standards Board provides performance, reporting and quality control guidance as it pertains to audit and attest activities. The Auditing Standards Board is comprised of 19 members, including:
  • Five members from local, regional and national firms;

  • Five members nominated by the National Association of State Boards of Accountancy(NASBA);

  • Four members from the big four firms; and

  • Five users and public members.

    comments powered by Disqus
    Hot Definitions
    1. Chicago Mercantile Exchange - CME

      The world's second-largest exchange for futures and options on futures and the largest in the U.S. Trading involves mostly futures on interest rates, currency, equities, stock indices and agricultural products.
    2. Private Equity

      Equity capital that is not quoted on a public exchange. Private equity consists of investors and funds that make investments directly into private companies or conduct buyouts of public companies that result in a delisting of public equity.
    3. Valuation

      The process of determining the current worth of an asset or company. There are many techniques that can be used to determine value, some are subjective and others are objective.
    4. Valuation

      The process of determining the current worth of an asset or company. There are many techniques that can be used to determine value, some are subjective and others are objective.
    5. Tech Street

      A term used in the financial markets and the press to refer to the technology sector. Companies like Intel, Microsoft, Apple and Dell are all considered to be part of Tech Street.
    6. Tech Street

      A term used in the financial markets and the press to refer to the technology sector. Companies like Intel, Microsoft, Apple and Dell are all considered to be part of Tech Street.
    Trading Center