audit ipcc level

This query is : Resolved 

22 June 2011 may i know the exact difference between SA and AAS, in audit?
Which of these are crucial for ipcc (i.e, the SA or AAS)?

22 June 2011 AS means accounting standards and AAS means Audit and Assurance Standards.Both are important at IPCC level.

22 June 2011 Both are different standards to adopt; one is for Accounts nd other one is for Audit.


23 June 2011 i'm sorry for the typing error.
SA was wrongly typed as AS

23 June 2011 SA stands for Standards on Auditing,

AAS Stands for Auditing & Assurance Standards.

SA replaces the AAS.

24 June 2011 thank you praveen sir



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