Clarified Auditing Standards: The Quiet Revolution.

INTERNATIONAL Auditing & Assurance Standards Board ; AMERICAN Institute of Certified Public Accountants. Auditing Standards Board ; PUBLIC Company Accounting Oversight Board

The article presents a summary of the Clarity Project of the International Auditing and Assurance Standards Board and the American Institute of Certified Public Accountants Auditing Standards Board. It discusses the goal to converge the U.S. and international auditing standards by year 2012 to provide consistent audits for public corporations that do not conflict with the Public Company Accounting Oversight Board. It cites the changes made to globalize the auditing standards, including their implications on educators and accountants.