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 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.
An independent, private-sector organization that is mainly responsible ...
Records that outline the financial activities of a business, ...
An organization whose main purpose is to improve and create accounting ...
The systematic and comprehensive recording of financial transactions ...
A financial statement that summarizes a company's assets, liabilities ...
A designation given by the American Institute of Certified Public ...