GAAS definition

GAAS means generally accepted auditing standards as in effect from time to time in the United States.

GAAS means generally accepted auditing standards.

GAAS means Generally Accepted Auditing Standards or a set of auditing standards and guidelines promulgated by the Auditing Standards Board of the American Institute of Certified Public Accountants.

Examples of GAAS in a sentence

• We will conduct our audit in accordance with U.S. GAAS, the standards for financial audits contained in Those standards require that we exercise professional judgment and maintain professional skepticism throughout the planning and performance of the audit.

• We will apply certain limited procedures to the RSI in accordance with U.S. GAAS.

• Our audit will be conducted in accordance with U.S. GAAS; the standards for financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and the audit requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance).

• Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with auditing standards generally accepted in the United States of America (U.S. GAAS) will always detect a material misstatement when it exists.

• There is an unavoidable risk, because of the inherent limitations of an audit, together with the inherent limitations of internal control, that some material misstatements or noncompliance may not be detected, even though the audit is properly planned and performed in accordance with U.S. GAAS, Government Auditing Standards, and the Uniform Guidance.

More Definitions of GAAS

GAAS means auditing standards generally accepted in the United States of America.

GAAS means generally accepted auditing standards as in effect from time to time, consistently applied.

GAAS means Generally Accepted Auditing Standards as promulgated by the Auditing Standards Division of the American Institute of Certified Public Accountants from time to time.

GAAS means generally accepted auditing standards as in effect from time to time in the United States of America, consistently applied, as modified by governmental auditing standards and mandated State statutory principles applicable to the Trust as may be in effect from time to time.

GAAS means Generally Accepted Auditing Standards.

GAAS means Generally Accepted Auditing Standards or a set of auditing

GAAS means generally accepted auditing standards consistently applied.