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October 1, 2023

PCAOB Release No. 2017-001

It looks like we’re going to be doing some copy/paste magic on our audit opinions for issuers. It looks like most of the changes are fairly minor (like moving the opinion first and adding the auditor’s tenure with the client to the letter). What about this critical audit matter stuff? Do you think it’s going to make investors nervous if we start airing the clients “challenging, subjective, or complex” issues on the face of the statement?

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