PCAOB Standard-Setting Update as of March 31, 2018
April 20, 2018
Available on the Public Company Accounting Oversight Board’s (“PCAOB”) website is the organization’s most recent standard-setting agenda. Updated as of March 31, the standard-setting agenda features the statuses of the following current PCAOB projects:
Auditing Accounting Estimates, Including Fair Value Measurements: Developing a recommendation for action.
The Auditor’s Use of the Work of Specialists: Developing a recommendation for action.
Supervision of Audits Involving Other Auditors: Reviewing comments and deciding the next steps.
Going concern: Outreach, monitoring, and research.
The PCAOB also has projects on its research agenda related to:
Quality control standards;
Changes in how data and technology in audits are used;
The auditor’s role concerning other information and non-GAAP processes;
Auditor’s consideration of noncompliance with laws and regulations; and
Auditor communication with audit committees related to independence.
In our continuous efforts to deliver a personalized user experience, Cherry Bekaert relies on cookies. By browsing our site, you agree to the use of cookies. For additional details, please refer to our privacy policy.