Auditing Standards Board (ASB)

The Auditing Standards Board (ASB) is a group that develops and establishes auditing standards in the United States. These standards guide how auditors should conduct their work to ensure the accuracy and reliability of financial statements. By setting these guidelines, the ASB helps maintain public trust in financial reporting, ensuring that companies provide truthful information about their financial health. The ASB operates under the American Institute of Certified Public Accountants (AICPA) and focuses on improving audit quality and consistency across the profession.