GAAS are the standards by which audits are chosen, performed, and finalized. These standards vary from organization to organization , but generally they are used to cut down on the chances that an auditor will miss out on or forget to include certain information in their reports.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser