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Generally Accepted Auditing StandardsEssay Preview: Generally Accepted Auditing StandardsReport this essayGenerally Accepted Auditing StandardsHeather SheetzAccounting 491Julie OldhamMarch 28, 2008Generally Accepted Auditing StandardsGenerally Accepted Auditing Standards or GAAS is “a set of systematic guidelines used by auditors when conducting audits on companies finances, ensuring the accuracy, consistency and verifiability of auditors actions and reports” (Lexico Publishing.