Is this description of international standards on auditing


Is this description of International Standards on Auditing correct?

International Standards on Auditing (ISAs) are issued by issued by the International Auditing and Assurance Standards Board and are designed to improve the uniformity of auditing practices and related services throughout the world.

As a result of efforts by the AIPCA to converge U.S. GAAS with international standards, AICPA auditing standards and International Standards on Auditing are similar in most respects.

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Accounting Basics: Is this description of international standards on auditing
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