PwC comments on AICPA's proposal for responding to NOCLAR

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Comment letter , PwC US May 26, 2017

Read our views on the AICPA proposal on the auditor’s response to non-compliance with laws and regulations.


PwC supports the AICPA’s efforts to adopt ethics standards that enhance the role of AICPA members in protecting the public interest. The proposed rules would require them to take certain actions if, in the course of providing a professional service, they encounter or are made aware of non-compliance or suspected non-compliance with laws and regulations (NOCLAR). However, PwC recommends that the AICPA adopt the International Ethics Standards Board for Accountants’ more practical approach of differentiating the requirements for members who perform audits of financial statements and those that provide other services. PwC believes members in public practice who perform other services should be held to a more limited response requirement.

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Heather Horn

Heather Horn

US Strategic Thought Leader, National Professional Services Group, PwC US

David Schmid

David Schmid

International Accounting Leader, National Professional Services Group, PwC US

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