PCAOB updates standard-setting agenda
The standard-setting update, which includes the standard-setting and research agendas, was prepared by the staff of the Office of the Chief Auditor.
Public Company Accounting Oversight Board (PCAOB)
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.
Website: www.pcaob.org
Select news releases
PCAOB publishes preview of 2016 inspections results of auditors of brokers and dealers
PCAOB inspectors continued to observe impaired auditor independence as auditors were involved in the preparation of the financial statements or accounting records of their audit clients.
Board adopts standard to enhance relevance of auditor's report
The new standard requires auditors to include a discussion of the critical audit matters.
Board proposes stronger requirements for auditor's use of specialists' work
The proposal intends to further protect investors by strengthening the evaluation requirements for a specialist's work.
Board proposes enhanced requirements for auditing accounting estimates
The proposal emphasizes that auditors need to apply professional skepticism and attention when auditing accounting estimates.
Board to consider adopting new auditor's reporting standard
The board will consider the adoption of a standard to provide additional information in the auditor's report.
PCAOB 2016 Annual Report
The Annual Report summarizes the activities of the board. It also includes the PCAOB's audited financial statements.
PCAOB updates standard-setting agenda
This report describes the PCAOB's current standard-setting agenda, including a brief project overview, and outlines key milestones on various standard-setting projects.
PCAOB staff issues white paper on emerging growth companies
The PCAOB’s Office of Research and Analysis has issued a white paper on the characteristics of emerging growth companies to help inform the board in its rulemaking releases about the impact of applying new standards to their audits.
PCAOB issues updated staff guidance for firms filing Form AP
The PCAOB issued updated staff guidance for firms filing the new Form AP. This guidance replaces the January 26, 2017 version and should be used by firms going forward.
PCAOB issues Staff Questions and Answers about the audits of mainland China issuers
The PCAOB issued Staff Questions and Answers about the audits of mainland China issuers by PCAOB-registered firms outside of mainland China. The Q&A is not an official PCAOB position, but is intended to guide PCAOB staff when dealing with the relevant issues.
PCAOB 2015 Annual Report
The PCAOB 2015 Annual Report summarizes the activities of the board regarding (1) registration, (2) inspections, (3) standards, and (4) enforcement. It also includes the PCAOB’s audited financial statements.
PCAOB standard-setting agenda - September 30, 2016
This report describes the PCAOB's current standard-setting agenda, including a brief project overview, and outlines key milestones on various standard-setting projects.
PwC comment letters
PwC comments on PCAOB reproposal on changes to the auditor's report
PwC supports changes to the auditor’s report that maintain or improve audit quality.
PwC comments on PCAOB proposal for audits involving other auditors
PwC supports the PCAOB project considering the auditor’s supervisory responsibilities in audits involving other auditors.
PwC comments on PCAOB Post-Implementation review of AS 7
PwC is supportive of AS 7 and PCAOB post-implementation reviews in general
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.
Beth Paul
Pat Durbin
David Schmid
