The Auditing Standards Board (ASB) has no plans to converge U.S. GAAS with the ISAs and align its agenda with the IAASB.

Question

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The Auditing Standards Board (ASB) has been working towards converging U.S. Generally Accepted Auditing Standards (GAAS) with the International Standards on Auditing (ISAs) and aligning its agenda with that of the International Auditing and Assurance Standards Board (IAASB) to enhance the uniformity and quality of auditing practices globally.

The Auditing Standards Board (ASB) Has No Plans to Converge