10 GAAS Standards

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  • September 3, 2017 at 3:48 pm #1619815
    Boruch
    Participant

    Do the 10 Standards (general, fieldwork, reporting) still apply/matter to anything? Do I need to know them for the exam?

    The Roger textbook says it still applies to PCAOB audits but they are not on the PCAOB website, so I don’t know what to make of it. Besides, even if they do apply, I fail to see how they ultimately matter.

    Anyone to the rescue..?

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  • September 3, 2017 at 10:09 pm #1619938
    Anonymous
    Inactive

    I take AUD Friday and have already made it through all the material in Gleim. Gleim is known for being overly detailed and I'm not even sure what you are talking about. So if I had to guess, I would say it's not important!

    September 4, 2017 at 10:17 pm #1620430
    stran620
    Participant

    The 10 GAAS are now reorganized under “principles governing an audit.” Concepts and functions are still the same though. However I just took AUD on Sat and I don't think I got a single question on general principles. Don't sweat it over this one.

    September 5, 2017 at 6:52 pm #1620950
    mccarta7
    Participant

    I just started studying for AUD today, so I can't say 100% for sure, but I completed the first section from my Gleim book without looking at the updates and they were included. Then I re-did my reading with the updated first section and there was no mention of them, so I would guess they aren't being tested in that format anymore.

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