PwC comments on PCAOB reproposal on changes to the auditor's report

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Comment letter , PwC US Aug 15, 2016

PwC supports changes to the auditor’s report that maintain or improve audit quality.

Overview

PwC submitted a comment letter on the PCAOB’s reproposal of a new auditing standard on the auditor’s reporting model. We support changes to the auditor’s report that will be responsive to the feedback provided by users while also maintaining or improving audit quality. We appreciate the PCAOB’s consideration of comments received on earlier proposals, and believe a number of changes from the earlier proposals will allow for a more practical approach and mitigate certain unintended consequences. In our letter, we offer suggestions for the Board’s consideration as it moves to the next phase of this project. 

Contact us

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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