1. Go to www.ifac.org/IAASB/ and read the brief history of the IAASB found there. Write a one-page summary of the development and status of the IAASB and its International Statements on Auditing Standards around the world.
2. Go to www.ifrs.com and read about how the IASB is structured, how it is funded, and how it sets accounting standards. Write one page summarizing what you find. Include a paragraph regarding the current status of the IASB's and FASB's convergence efforts.