The Clarity Project involved the International Auditing & Assurance Standards Bo

The Clarity Project involved the International
Auditing & Assurance Standards Board (IAASB) reviewing and reissuing all
its standards to improve the clarity of wording and make their application more
consistent. Subsequently the Australian
Auditing & Assurance Standards Board (AUASB) has adopted this work and
reviewed all existing ASAs. The complete
new set of revised ASAs was issued and became legally binding in October 2009.Required:Outline
the major revisions to the auditing standards and discuss their implications for
auditors conducting audits. (Approx
1000 words essay response)You
should review the relevant parts of the following resources in your research: