Clarified Auditing Standards

Clarified Auditing Standards

Go to the AICPA Website to review the Clarified Auditing Standards-Learning and Implementation Plan. Next, choose one (1) of the eight (8) steps in the Clarified Auditing Standards-Learning and Implementation Plan. Based on the step you have chosen, analyze support for the action plan proposed, and make at least two (2) recommendations that would improve support of the action plan.

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For an auditing firm to experience a smooth transition to the clarified standards, adequate planning, training of audit staff members, and information will be needed. Audit firms are therefore supposed to shift their practice into high gear, hence facilitate training sessions using…