Auditing Standards Board

The Auditing Standards Board (ASB) is a group that sets guidelines for auditors to ensure financial statements are accurate and trustworthy. Its main goal is to enhance the quality of audits, helping protect investors and the public from misinformation in financial reporting. By establishing standards and practices, the ASB works to ensure that audits are consistent and reliable across different organizations. These standards are crucial for maintaining the integrity of financial reporting and fostering confidence in the economic system.