GAAS versus ISAPlease respond to the following:From the e-Activity analyze the k

GAAS versus ISAPlease respond to the following:From the e-Activity analyze the key differences between GAAS andISA indicating which approach you support (GAAS or ISA) andindicate why.Evaluate how the convergence of U.S. GAAP and IFRS will impactauditing standards.Legal Liability Please respond to the following:Analyze the impact to CPAs who practice within a very litigiousenvironment in the U.S. Suggest what you believe to be the mosteffective way for CPAs to protect themselves from liability.Assess the positive and negative effects of increased litigation ofCPAs on society and on the accounting profession.