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Current Issues in Accounting US Auditing StandardsACT 525-26259 and Assignment #6Amna Zafar MalikProfessor Richard ArenzFebruary 15, 2015 In year 2004, the Auditing Standards Board (ASB) initiated a meaningful endeavor to make U.S. GAAS easier to study, interpret, and practice. On the other hand, in year 2009, International Auditing and Assurance Standards Board (IAASB) built an analogous.