For years CPAs have discussed the r...

For years CPAs have discussed the relative merits of Big ISAAP v little GAAP. Everyone has an opinion, and the implications the pair pro and con can be anticipated and visualized. However, principally of us (excluding those who perform GAO audits) haven't given often thought to the possibility of having brace or more different sets of auditing standards.

Should there be single set of audit standards, or two? This seemingly short and simple question has far reaching impact forward the CPA profession and the business world. However, this is not a question that remains to be answered. The Sarbanes-Oxley legislation