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Some auditing standards have recently been improved in the areas of clarity and convergence with international standards.
On Monday, Oct. 17, 2011, the AICPA Auditing Standards Board (ASB) released three Statements on Auditing Standards.
This website is an excellent source for general information, ranging from the kind of information a non-CPA/auditor may need and containing enough information that a CPA/auditor needs to understand and prepare for the transition.
While some auditing standards (four in total) have already been clarified, converged and are effective today, most of the remaining standards will have an effective for periods ending on or after Dec. 15, 2012.
Posted by cpamericaintl 
