Audit Standards definition

Audit Standards means a set of systematic guidelines used by Auditors when conducting audits on organizations’ finances, ensuring the accuracy, consistency and verifiability of Auditors’ actions and reporting that result from such audit actions;
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Audit Standards means standards issued by Local and International Audit and Accounting bodies determined by the Controller and Auditor- General to be applied in the conduct of his functions;
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Audit Standards means a set of systematic guidelines used by Auditors when conducting audits on organizations’ finances, ensuring the accuracy,
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Examples of Audit Standards in a sentence

  • If the Grantee expended a total of $750,000.00 or more in federal awards during its fiscal year, and is a non-profit organization, and is, under this Contract, carrying out or administering a program or portion of a program, it shall have an independent audit conducted in accordance with OMB Circular A-133, which shall comply with the requirements of GAAS (generally accepted auditing standards), GAO’s Government Audit Standards and OMB Circular A-133, as amended and as applicable.


More Definitions of Audit Standards

Audit Standards means the audit standards prescribed, or applicable international standards adopted, by the Board under this Act;
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Audit Standards means International Standards on Auditing and other pronouncements as promulgated by the International Auditing and Assurance Standards Board.
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Audit Standards means the standards by which an audit is conducted, and includes audit practices, procedures and guidelines.
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Audit Standards means a set of systematic guidelines used by Auditors when conducting audits on organizations’
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Audit Standards means Financial Statements that present fairly the financial position of the Seller and its subsidiaries (or their respective predecessors) and the results of operations as of the dates and for the periods therein specified, and that have been prepared in accordance with GAAP consistently applied throughout the periods involved, subject, in the case of interim Financial Statements to normal year-end adjustments in an amount and of a character not materially inconsistent with prior periods. The Financial Statements will not contain any items of a special or nonrecurring nature, except as expressly stated therein. The Financial Statements will have been prepared from the books and records of the Seller, which accurately and fairly reflect the financial condition and results of operations of the Seller as of the respective dates thereof and for the periods indicated.
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Related to Audit Standards

  • auditing standards means auditing standards as defined in National Instrument 52-107 Acceptable Accounting Principles and Auditing Standards;

  • Applicable Standards means the requirements and guidelines of NERC, the Applicable Regional Entity, and the Control Area in which the Customer Facility is electrically located; the PJM Manuals; and Applicable Technical Requirements and Standards.

  • Reliability Standards means the criteria, standards, rules and requirements relating to reliability established by a Standards Authority.

  • Standards means the British or international standards, Authority's internal policies and procedures, Government codes of practice and guidance referred to in Framework Schedule 13 (Standards) together with any other specified policies or procedures identified in Framework Schedule 13 (Standards);

  • Minimum Standards means standards of practice that interpret the legal definition of nursing as well as provide criteria against which violations of the law can be determined.

  • Service Level Standards has the meaning ascribed thereto in Section 2.1 hereof.

  • Technical Standards means the technical standards set out in paragraph 2.5 of the Order Form;

  • NERC Reliability Standards means the most recent version of those reliability standards applicable to the Generating Facility, or to the Generator Owner or the Generator Operator with respect to the Generating Facility, that are adopted by the NERC and approved by the applicable regulatory authorities, which are available at xxxx://xxx.xxxx.xxx/files/Reliability_Standards_Complete_Set.pdf, or any successor thereto.

  • National Standards means the document entitled “National Standards for the Volatile Organic Compound Content of Canadian Commercial/Industrial Surface Coating Products Automotive Refinishing, October 1998, PN 1288" and published by the Canadian Council of Ministers of the Environment;

  • Codes and Standards means all the applicable codes and standards as indicated in the Technical Specification.

  • Federal poverty guidelines means the poverty guidelines published annually in the federal register by the United States department of health and human services under its authority to revise the poverty line under section 673(2) of subtitle B of title VI of the omnibus budget reconciliation act of 1981, 42 USC 9902.

  • Common Reporting Standard means the standard for automatic exchange of financial account information in tax matters (which includes the Commentaries), developed by the OECD, with G20 countries;

  • Applicable Accounting Standards means Generally Accepted Accounting Principles in the United States, International Financial Reporting Standards or such other accounting principles or standards as may apply to the Company’s financial statements under United States federal securities laws from time to time.

  • Accessibility Standards means accessibility standards and specifications for Texas agency and institution of higher education websites and EIR set forth in 1 TAC Chapter 206 and/or Chapter 213.

  • Generally accepted auditing standards means Canadian Generally Accepted Auditing Standards as adopted by the Canadian Institute of Chartered Accountants applicable as of the date on which such record is kept or required to be kept in accordance with such standards.

  • Common Reporting Standard (CRS) means the Standard for Automatic Exchange of Financial Account Information (“AEOFAI”) in Tax Matters and was developed in response to the G20 request and approved by the Organisation for Economic Co-operation and Development (OECD) Council on 15 July 2014, calls on jurisdictions to obtain information from their financial institutions and automatically exchange that information with other jurisdictions on an annual basis. It sets out the financial account information to be exchanged, the financial institutions required to report, the different types of accounts and taxpayers covered, as well as common due diligence procedures to be followed by financial institutions.

  • International Financial Reporting Standards means the accounting standards and interpretations adopted by the International Accounting Standards Board.

  • International Accounting Standards means the accounting standards approved by the International Accounting Standards Board from time to time.

  • Financial Regulations means regulations made under section 21 of the Act;

  • Service Standards means the set of Service Measures, Service Levels, conditions and Service Guarantee Payments as set out in Schedule 1;