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March 31, 2023

When accounting goes unaccounted for

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auditing standard proposals

PCAOB

Here’s What You Need to Know About the PCAOB’s Proposed Makeover to the Auditor’s Report

by Caleb Newquist

This morning the PCAOB held their open meeting to discuss "Proposed Auditing Standards Regarding the Auditor’s Report and the Auditor’s Responsibilities Regarding Other Information." PCAOB Chairman James Doty called it a "watershed moment for the auditing in the United States." And yeah, I suppose it is. I mean, the auditor's opinion hasn't changed in 70 […]