Auditing Standards are guidelines that auditors follow to ensure their work is consistent, reliable, and of high quality. These standards help maintain trust in financial reporting by providing a framework for evaluating the accuracy and fairness of financial statements. They are established by various organizations, such as the International Auditing and Assurance Standards Board (IAASB) and the American Institute of Certified Public Accountants (AICPA). These standards cover various aspects of the auditing process, including planning, conducting, and reporting on audits. By adhering to these standards, auditors can provide assurance to stakeholders, such as investors and regulators, that the financial information presented is credible and free from material misstatement.