Auditing Standards

Auditing standards exist to improve the quality of audits by providing a guide for conducting an audit. In the U.S., audit standards are issued by the AICPA (which issues Statements on Auditing Standards pertaining to audits of private companies) and the PCAOB (which issues Auditing Standards pertaining to audits of public companies). The IAASB also issues international accounting standards (ISAs) the pertain to audits of companies outside the U.S.
Audit standards of governmental entities in the U.S. are known as Generally Accepted Government Auditing Standards (GAGAS) or the Yellow Book, and are issued by the Government Accountability Office (GAO).
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These are the standards for external auditors only. Internal auditors follow the standards of the Institute of Internal Auditors, the International Standards for the Professional Practice of Internal Auditing.