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1. Access the International Federation of Accountants Web site (www.ifac.org) and briefly describe the following two International Auditing Standards: ISA 500 and ISA 505. 2.

1. Access the International Federation of Accountants Web site (www.ifac.org) and briefly describe the following two International Auditing Standards: ISA 500 and ISA 505.

2. Access the PCAOB website (www.pcaobus.org) and list two new or proposed auditing standards issued by the PCAOB.

3. Locate SEC Accounting and Auditing Enforecement Release No. 1062. What did that SEC release discuss?

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