ASB

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ASB

abbreviation for
1. (Accounting & Book-keeping) (in Britain) Accounting Standards Board
2. (Anglicanism) Alternative Service Book (of the Church of England)
References in periodicals archive ?
19 December 2012 -- Chicago, USA-based professional services firm BDO USA LLP said that its professional practice leader for audit and accounting Christopher Smith has been named to the auditing standards board of the American Institute of Certified Public Accountants (AICPA).
As part of its Clarity, the Auditing Standards Board has issued its third final SAS, Preface to Codification of Statements on Auditing Standards, Principles Underlying an Audit Conducted in Accordance With Generally Accepted Auditing Standards, and Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance With Generally Accepted Auditing Standards.
Recent pronouncements by the Auditing Standards Board have expanded the communications between independent auditors and the audit committee related to fraud, uncorrected audit adjustments and the quality of accounting principles used by management.
The Auditing Standards Board has issued Proposed Statement on Auditing Standards, Subsequent Events and Subsequently Discovered Facts, resulting from its Clarity: Supersedes AU Sections 530, Dating of the Independent Auditor's Report, 560, Subsequent Events, 561, Subsequent Discovery of Facts Existing at the Date of the Auditor's Report, and paragraphs .
The AICPA's Auditing Standards Board is aligning its standard-setting process with that of the International Auditing and Assurance Standards Board (IAASB--an independent standard-setting body under the auspices of the International Federation of Accountants).
The AICPA Auditing Standards Board has issued eight proposed Statements on Auditing Standards to provide guidance on the auditor's assessment of the risks of material misstatement in a financial statement audit, and the design and performance of audit procedures whose nature, timing and extent are responsive to the assessed risks.
CCR supports a supplemental recommendation that the Auditing Standards Board, provide more specific guidance not just on the extent to which external audit work should be tested, but on the degree to which internal audit may assist in the overall scope of the audit.