The PCAOB Auditing Standard # 5 replaced the PCAOB Auditing Standard #2. How may this development affect the possible convergence of the PCAOB auditing standards and the international auditing standards, if this may happen in the future?

how may German, British, and American accountants view "accounting truth" differently? Given that the international accounting standards are closest to the UK accounting standards, discuss what this comparison could mean for the "principles-based" international accounting standards.