Statement on Auditing Standards (SAS)

Statement on Auditing Standards (SAS) refers to guidelines set by the American Institute of Certified Public Accountants (AICPA) to ensure auditors conduct their work with consistency and integrity. These standards help auditors evaluate financial statements effectively, ensuring they accurately represent a company's financial position and performance. By adhering to SAS, auditors provide reliable and trustworthy assessments, which are essential for stakeholders like investors and regulators who rely on trustworthy financial information to make informed decisions.