U.S. GAAS definition

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

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

U.S. GAAS means generally accepted auditing standards in the United States of America, as supplemented by the SEC’s rules on auditor independence.

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

Examples of U.S. GAAS in a sentence

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.
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.
In the case of any audited information, such financial statements shall be audited in accordance with U.S. generally accepted auditing standards as promulgated by the AICPA (US GAAS) for filing with the SEC and, in the case of any unaudited information, shall be reviewed in accordance with Regulation S-X and all other accounting rules and regulations of the SEC promulgated thereunder applicable to unaudited interim financial statements.
Because of the inherent limitations of an audit, together with the inherent limitations of internal control, an unavoidable risk that some material misstatements may not be detected exists, even though the audit is properly planned and performed in accordance with U.S. GAAS and Government Auditing Standards.
We will apply certain limited procedures to the RSI in accordance with U.S. GAAS.

More Definitions of U.S. GAAS

U.S. GAAS means United States Generally Accepted Auditing Standards;

U.S. GAAS means generally accepted auditing standards in effect in the United States. “WARN” shall mean the Worker Adjustment and Retraining Notification Act of 1988.

U.S. GAAS means the generally accepted auditing standards in the United States.

U.S. GAAS means generally accepted auditing standards in the United States as in effect from time to time. “Y3 Facility” means the facility at which Y3 NAND Flash Memory Products are manufactured for Flash Partners. “Y4 Facility” has the meaning given in the Master Agreement. “Y4 NAND Flash Memory Products” has the meaning given in Section 3.3 of the Master Agreement. “Yokkaichi Facility” means Toshiba’s facilities in Yokkaichi Japan, including the FVC Japan Equipment, the Y3 Facility, the Y4 Facility and Toshiba’s Asahi facility. Rules of Construction and Documentary Conventions 2.1

U.S. GAAS means generally accepted auditing standards used in the United States." 2.2 Section 3.13 shall be replaced by the following clause:

U.S. GAAS means Auditing Standards Generally Accepted in the United States;

U.S. GAAS has the meaning set forth in Section 5 (2) i).