PCAOB adopts new standard enhancing auditor reporting
Auditors to provide new information in auditor's reports for public companies about critical audit matters.
The PCAOB oversees the audits of public companies in order to protect the interests of investors and further the public interest in the preparation of informative, accurate and independent audit reports.
The PCAOB announced six new and eight reappointed members to its Standing Advisory Group, bringing total SAG membership to 34.
The standard-setting update, which includes the standard-setting and research agendas, was prepared by the staff of the Office of the Chief Auditor as of Dec. 31, 2017.
The PCAOB updated the auditor’s reporting guidance issued on Dec. 4, 2017. The update provides additional information on determining auditor tenure.
The 11th annual International Institute on Audit Regulation, discussed a variety of topics, including key international developments, trends in initial public offerings, and more.
The PCAOB published guidance that describes changes to the auditor's report that become effective for audits for fiscal years ending on or after Dec. 15, 2017.
The PCAOB will host webinars on Tuesday, December 12, and Wednesday, Jan. 10, 2018, on the implementation of recent changes to the auditor's report that become effective for audits of financial statements for fiscal years ending on or after Dec. 15, 2017.
The PCAOB approved its FY2018 budget of approximately $259.9 million and its 2017-2021 strategic plan.
The staff inspection brief previews the results of 2016 inspections of auditors of public companies and other issuers.
The PCAOB will consider adoption of the FY2018 budget and the 2017-2021 strategic plan.
Topics include professional skepticism, audit quality indicators, and PCAOB research projects.
The agreement allows for cooperation between the PCAOB and IAASA, including joint inspections, in the oversight of audit firms subject to the regulatory jurisdiction of both organizations.
This staff audit practice alert will assist auditors in applying PCAOB standards when auditing companies' implementation of the new revenue accounting standard from the Financial Accounting Standards Board.
The standard-setting update, which includes the standard-setting and research agendas, was prepared by the staff of the Office of the Chief Auditor.
The PCAOB announces it will hold an open meeting to consider issuing a supplemental request for comment on certain revisions to new requirements proposed last year that would apply to audits that involve auditors outside the firm issuing the audit report.
In the webinar, PCAOB presenters will focus on the requirement that went into effect on June 30, 2017, to disclose information about other firms that participated in an audit. Many firms will implement this for the first time following the completion of their calendar year-end audits. The webinar also will highlight other aspects of the new rules, including filing requirements and amending Form AP.
The PCAOB issued a report on its inspections in 2016 of auditors of brokers and dealers that shows a continued high level of audit deficiencies.
PwC supports PCAOB’s efforts to enhance the lead auditor’s supervisory responsibilities in an audit involving other auditors.
PwC supports PCAOB's proposal to update requirements for auditing accounting estimates, including fair value.
We provide feedback on the PCAOB's proposals addressing how auditors evaluate the work of specialists in audits.
All PCAOB rules adopted by the Board and approved by the Securities and Exchange Commission. For the full list of PCAOB bylaws and rules, please visit the PCAOB website.
For the full list of PCAOB dockets open for public comment, please visit the PCAOB website.
For a listing of all speeches visit the PCAOB website.