PCAOB Standard-Setting Update as of December 31, 2017
- Auditing Accounting Estimates, Including Fair Value Measurements: Considering a recommendation for the next PCAOB action.
- The Auditor’s Use of the Work of Specialists: Considering a recommendation for the next PCAOB action.
- Supervision of Audits Involving Other Auditors: Reviewing comments on the supplemental request for comments and planning the next steps.
- Going concern: Covering outreach, monitoring, and research efforts.
Along with the release of its revised standard-setting agenda, the PCAOB has added four projects to its research agenda. The projects involve quality control standards, changes in the use of data and technology in audits, the auditor’s role concerning other information and non-GAAP measures, and an auditor’s consideration of noncompliance with laws and regulations.