1. Can IAASB implement rules similar to SOX and if so, what burden does that have on international industry?

2. Where are some of the largest areas of concern for international fraud and misappropriation of funds?

3. The International Auditing and Assurance Standards Board (IAASB) functions as a rule setting body to govern and help ensure quality across the international accounting industry.

Discuss ways in which you see this being beneficial and detrimental to the accounting profession and industry.