[By Kristine Brands, Assistant Professor of Accounting Regis University CPS] A major challenge for the global auditing profession is the existence of two sets of auditing standards: the American Institute of Certified Public Accountant’s (AICPA’s) auditing standards for the U.S. and the International Auditing and Assurance Standards Board’s (IAASB’s) International Accounting Standards (IAS) for global auditing. [...]














