PCAOB Releases Agenda Ahead of Next Month’s SAG Meeting
Announced ahead of its October 2nd event, the Public Company Accounting Oversight Board (“PCAOB”) has released the agenda for its Standing Advisory Group (“SAG”) meeting in Washington, D.C. Open to the public, the SAG meeting agenda includes panel discussions on possible changes to the standards regarding auditing estimates and fair value measurements. Featuring a panel of investors, auditors and valuation experts, the discussion is intended for reviewing challenges faced by auditors, hearing perspectives from the audit committee and investors, and insight from academic research. The meeting’s agenda also includes PCAOB and global inspection matters, developments in valuation and financial reporting frameworks. Read More.
Staff Consultation Paper Issued by PCAOB’s Chief Auditor Office
Pursuing feedback on auditing accounting estimates and fair value measurements, the Public Company Accounting Oversight Board’s (“PCAOB”) Office of the Chief Auditor (“the Office”) has released a Staff Consultation Paper (the Paper) for public comment. As part of its efforts to find audit deficiencies throughout various firms, the Office issued the Paper for comments on current audit practices, examining the possible need for PCAOB standards changes, and likely alternative actions associated with auditing accounting estimates and fair value measurements. For the news release on the Paper , visit the PCAOB website. Also, don’t forget to check out our Audit & Attest page for information on Cherry Bekaert’s services.