Generally accepted auditing standards are

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Generally accepted auditing standards are a set of guidelines that serve as a framework for conducting external audits of financial statements. They provide guidance on the conduct of audit examinations and are not specific actions performed by auditors during an examination. They are also not legal requirements that must be observed during the audits of public entities. While entities may consider the standards when deciding whether to engage or retain the services of auditors, the standards themselves are not used by entities for this purpose.

Generally Accepted Auditing Standards Are