ADVANCED AUDIT

The United States has three auditing standard-setting bodies:

  1. The American Institute of Certified Public Accountants, or AICPA, which issues auditing standards for auditors who are performing audits for private companies;
  2. The Public Company Accounting Oversight Board, or PCAOB, which issues standards for auditing public firms; and
  3. The U.S. Government Accountability Office, or GAO, which issues standards for auditing state and local governments.