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."

BREAKING DOWN '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.

  1. Continuous Audit

    Continuous audit is an internal process that examines accounting ...
  2. Audit Risk

    The risk that an auditor will not discover errors or intentional ...
  3. Horizontal Audit

    An evaluation of one process or activity across several groups ...
  4. Audit Department

    An audit department is a unit within a company that is responsible ...
  5. Unqualified Audit

    Also known as a complete audit. An audit that has been performed ...
  6. Associate In Premium Auditing - ...

    Professional designation awarded by the Insurance Institute of ...
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