Statement on Auditing Standards

The Statement on Auditing Standards (SAS) are official guidelines that auditors follow when examining a company's financial statements. They ensure that audits are conducted consistently, thoroughly, and ethically, providing confidence that the financial information is accurate and trustworthy. These standards cover how auditors plan, perform, and report their work, helping stakeholders such as investors, lenders, and regulators rely on audited financial reports for decision-making. Essentially, SAS sets the professional rules to ensure high-quality and credible audits across organizations.