![]() GASS are:ġ.An auditor must have adequate technical training and proficiency to perform an audit Ģ.An auditor must maintain independence in mental attitude in all matters related to an audit ģ.The auditor must use due professional care during the performance of the audit and the preparation of the report Ĥ.An auditor must adequately plan work and must properly supervise any assistant ĥ.An auditor must obtain sufficient understanding of an entity and its environment, including its internal control, in order to assess risk of material misstatement of financial statements whether due to error or fraud, and to design the nature, timing, and extent of further audit procedures. Some of the standards laid under the U.S. It establishes generally accepted auditing standards and standards for other accountants ' services that are generally incorporated into state accountancy. GASS lays down ten auditing standards developed by the American Institute of Certified Public Accountants. However, the standards adopted by the GASS may vary from place. The GASS also lays down the criteria for auditor’s examination and required reports. Standards for the internal audit industry have been established by the most widely-recognized authority within that industry The Institute of Internal. It establishes standards to be followed by an auditor in his/her profession. Who created generally accepted auditing standards the American Institute of Certified Public AccountantsThe generally accepted auditing standards were created by the Auditing Standards Board (ASB) of the American Institute of Certified Public Accountants (AICPA). Generally Accepted Auditing Standards (GASS) is a set of guidelines issued by the American Institute of Certified Public Accountants.
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