Tags » PCAOB

Study finds disclosure of “critical audit matters” may reduce legal exposure for auditors

by Cydney Posner

When the PCAOB originally floated the idea of an expanded audit report in 2011, the proposal fueled quite a controversy.  Supporters of the concept contended that the current form of the auditor’s report was just boilerplate that “tells investors little of substance about a company’s true condition,” while audit firms were concerned that one consequence of an expanded auditor’s report could be the possibility of increased auditors’ legal exposure. 1,426 more words

Corporate Governance

New study examines benefits of enhanced audit report in the UK

by Cydney Posner

In light of the closing of the comment period for the PCAOB reproposal of an expanded audit report standard (see this PubCo post… 623 more words

Accounting And Auditing

Comments on PCAOB reproposal of expanded auditor’s report reflect predictable split

by Cydney Posner

As discussed in this PubCo post, in May of this year, after five years of outreach, the PCAOB once again attempted to make the auditor’s report more relevant and informative to investors by reproposing the auditor reporting standard,  1,383 more words

Accounting And Auditing

New PCAOB Guidance On Form AP - Yes, To My Surprise, Some Of This Is Interesting

I have previously commented briefly about the new audit partner disclosure requirement – essentially, my comment was that I did not really see what the big deal is about this. 385 more words

Auditor Changes and more

This post has been sitting in draft form for a bit. The decision made, but not sure if I would change my mind. Three weeks later, my decision stands and this will be the last post on The Auditor Carousel. 362 more words

Auditor Change