Lesson: Professional Standards and Guidelines

This lesson dives into the professional standards for authoritative literature and their specific applications within the auditing field. It discusses the statement on auditing standards (AUC), public company accounting oversight board auditing standards (PCAOB-AS), and generally accepted government auditing standards (GAGAS). The lesson explores their applicability to non-issuers, issuers, and governmental organizations, respectively. Additionally, the lesson touches upon attestation engagements, SARS, SSAE, the AICPA code of professional conduct, and statement on quality control standards. By the end of the lesson, viewers will have a comprehensive understanding of the various professional standards and guidelines present within auditing and non-audit engagements.