PwC comments on the PCAOB's use of specialists paper
PwC is supportive of the project but offers recommendations to address what we see as potential practical challenges.
Overview
PwC submitted a comment letter on the PCAOB’s Staff Consultation Paper No. 2015-01: The Auditor’s Use of the Work of Specialists (Staff Consultation Paper). PwC commends the board and its staff for its use of a staff consultation paper, as we believe it can be an effective mechanism for obtaining feedback from stakeholders early in the standard-setting process.
We are supportive of the project, including many of the recommendations discussed in the Staff Consultation Paper. We also included certain suggestions to address what we see as potential challenges that may impact whether the auditor could still use the work of a specialist if some of the current recommendations were adopted as part of any final standard.
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