Business Glossary

booklets from the american institute of certified public accountants (AICPA) that supplement Statements On Auditing standards (SAS) and statements of position (SOPs) . Typically, an audit guide is directed toward the accounting practices in a particularindustry, such as brokerages, finance companies, and insurance companies. Some guides apply to technical topics, such as personal financial statements. These guides are usually deemed authoritative in nature.