The IAASB and the ASB collaborated on a replacement for the 10 GAAS standards which include principles underlying an audit conducted in accordance with generally accepted auditing standards.

Question

Quizplus · Accepted Answer

The IAASB and the ASB collaborated on a new set of standards, known as the clarified ISAs, which replace the 10 GAAS standards and provide principles for an audit conducted in accordance with generally accepted auditing standards.

The IAASB and the ASB Collaborated on a Replacement for the 10