AICPA Auditing Standards Board

The AICPA Auditing Standards Board (ASB) is a group within the American Institute of Certified Public Accountants (AICPA) that develops guidelines for auditors. These standards ensure that auditing practices are consistent, effective, and reliable. By establishing clear rules and procedures, the ASB helps protect the integrity of financial reporting, ensuring that stakeholders—like investors and regulators—can trust the information presented in financial statements. Essentially, the ASB plays a crucial role in maintaining public confidence in the auditing process and the quality of financial audits across the nation.