GAAS Standards of Fieldwork
- Planning and Supervision
- The auditor must adequately plan the work and must properly supervise any assistants.
- Internal Control, Entity, and Environment
- The auditor must obtain a sufficient understanding of the entity and its environment, including its internal control, to assess the risk of material misstatement of the financial statements whether due to error or fraud, and to design the nature, extent, and timing of further audit procedures.
- The auditor must obtain sufficient appropriate evidence by performing audit procedures to afford a reasonable basis for an opinion regarding the financial statements under audit.