o Describe the elements of the Generally Accepted Auditing Standards (GAAS). o Describe how these standards apply to financial, operational, and compliance audits. o Explain the effect that the Sarbanes-Oxley Act of 2002, and the Public Company Accounting Oversight Board (PCAOB), will have on audits of publicly traded companies. o Discuss the additional requirements that are placed on auditors from this act and the actions of the PCAOB