PCAOB Standard-Setting and Research Agendas Updated

August 10, 2017

The Public Company Accounting Oversight Board’s (“PCAOB”) Office of the Chief Auditor (“OCA”) has updated its standard-setting agenda. Revised as of June 30, the periodic update reflects the PCAOB’s standard-setting and research agendas, and includes the OCA’s standard-setting agenda, scheduled milestones, and recent developments including the following:

  • Auditor’s Reporting Model (adopted in June by PCAOB and awaiting the Securities and Exchange Commission’s approval)
  • Auditing Accounting Estimates, Including Fair Value Measurements (exposure draft comment period ends Wednesday, August 30)
  • The Auditor’s Use of the Work of Specialists (exposure draft comment period ends Wednesday, August 30)
  • Supervision of Audits Involving Other Auditors (supplemental request for comment could be issued later this year)
  • Going concern

Regarding its research project agenda, the PCAOB is working on the following projects:

  • Quality control standards
  • Changes in how data and technology are used in audits
  • The auditor’s role in other information and non-GAAP measures
  • Auditor’s consideration of noncompliance with laws and regulations

Visit the PCAOB website to view the updated standard-setting and research agenda.