What Is a Critical Audit Matter?
How does an auditor figure out whether a matter involves especially "challenging, subjective, or complex judgment?"
Chamber Urges SEC to Nix Auditor Disclosure Rule
The Public Company Accounting Oversight Board’s proposal would spawn confusion and liability, according to the U.S. Chamber of Commerce.
PCAOB OKs First Big Change to Audit Report in 70 Years
A PCAOB recommendation would require auditors to report on issues that kept them up at night.
PCAOB Adopts New Form for Naming Audit Partner
Auditors will be required to file a new Form AP with the PCAOB, disclosing the name of the engagement partner.
Another Look at Auditor Nightmares
The PCAOB will take a second crack at a proposal to require an auditor to reveal the thinking behind troublesome audit opinions.
PCAOB Exploring Alternative for Auditor Identification
The PCAOB appears to be backing away from requiring engagement partners be identified in an audit client's annual report.
Nothing If Not Critical
A proposal to require auditors to disclose “critical audit matters” in their reports has generated apprehension among audit firms and pushback from CFOs.
Auditors Favor Curbs on Changes to the Audit Report
Ninety-eight percent of “critical audit matters” identified during a field test involving 51 audits were previously communicated to the audit committee.