Read “A Comparison of U.S. Auditing Standards” n 3-4 pages (12-pt type, double-spaced) answer the following questions:
- What efforts is the Auditing Standards Board making to clarify auditing standards?
- Describe the five key differences between ISA’s and US Auditing Standards.
- How are the efforts of the Auditing Standards Board and the International Auditing and Assurance Board similar to the Financial Accounting Standards Board and the International Accounting Standards Board?