NEWYORK- The International Federation of Accountants (IFAC) announced on April 12, 2007 that the American Institute of Certified Accountants (AICPA) released the updated document of the Analysis of International Standards on Auditing (ISA). The Objective of this document is to take the US auditor from an audit preformed under US Generally Accepted Auditing Standards (GAAS) to ISA Audit.
IFAC is the worldwide organization for the accountancy profession dedicated to serve the public interest by strengthening the profession and contributing to the development of strong international economies.