Auditing Standards Board

The Auditing Standards Board is a committee of the American Institute of Certified Public Accountants, charged with formulating and interpreting generally accepted auditing standards. The committee issues statements, interpretations, and guidelines, which are applicable to the audits of non-public companies. The committee is comprised of 19 members, who come from a mix of large and small public accounting firms, representatives of the National Association of State Boards of Accountancy, financial statement users, and others.