The Generally Accepted Auditing Standards represent the minimum standards for performing an audit.

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The Generally Accepted Auditing Standards (GAAS) represent the minimum standards for performing an audit. These standards are established by the American Institute of Certified Public Accountants (AICPA) and apply to all audits of financial statements, whether conducted in-house or by an external auditor.

The Generally Accepted Auditing Standards Represent the Minimum Standards for Performing