Term

AICPA Statements on Auditing Standards

Definition

issued by the Auditing Standards Board (ASB) for audits of nonpublic companies.

Term

Public Company Accounting Oversight Board (PCAOB) Auditing Standards

Definition

issued for audits of public companies that have securities registered with the Securities and Exchange Commission (“issuers”).

Term

International Auditing and Assurance Standards Board (IAASB) International Standards on Auditing (ISAs),

Definition

which are infrequently used in audits performed in the United States. But, as discussed in Chapter 1, the ISA standards framework (numbering and ordering of sections of standards) has been adopted with some modification for auditing standards for nonpublic company audits.