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title: Audit, Compliance and Risk Blog | STP | Clarity Project
description: Clarity Project | STP's blog giving insight into audit, compliance and risk issues for EHS, business and accounting.
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# Audit, Compliance and Risk Blog

## [GAAS Rules Are Being "Tweaked" for Calendar Year 2012 Audits](https://blog.stpub.com/bid/140718/GAAS-Rules-Are-Being-Tweaked-for-Calendar-Year-2012-Audits)

 Posted by [Ron Pippin](https://blog.stpub.com/author/ron-pippin) on Thu, May 24, 2012

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[![](https://blog.stpub.com/hs-fs/file-17060110-jpg/images/ron_pippin_photo.jpg) ](https://blog.stpub.com/bid/140718/GAAS-Rules-Are-Being-Tweaked-for-Calendar-Year-2012-Audits)

The American Institute of Certified Public Accountants (AICPA) is in the final stages of updating its generally accepted auditing standards (GAAS) for financial statement audits of companies in the United States that are not subject to the rules and regulations established by the Public Company Accounting Oversight Board (PCAOB). Several years ago the AICPA decided its auditing standards should be updated to make them clearer, and at the same time strive to conform them to the standards issued by the International Auditing and Assurance Standards Board.

[Read More](https://blog.stpub.com/bid/140718/GAAS-Rules-Are-Being-Tweaked-for-Calendar-Year-2012-Audits)

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