PCAOB proposes significant expansion of auditor responsibilities

On June 6, the PCAOB proposed amendments to its auditing standards related to a company's noncompliance with laws and regulations (described hereafter as “ ...

PCAOB proposal would expand auditors' responsibilities

We summarize the amendments to auditing standards proposed by the Public Company Accounting Oversight Board (PCAOB) that would require auditors to identify ...

PCAOB proposes new auditing standard: Action steps for public ...

The proposal suggests a more proactive role for auditors, requiring them to consider a broader range of noncompliance issues beyond those tied ...

PCAOB Closes Comment Period on Proposal to Expand Auditor ...

The Proposal significantly increases the scope and frequency of communication between independent auditors and audit committees to include ...

PCAOB Proposes Massive Expansion of the Auditor's Role

On June 3, the Public Company Accounting Oversight Board (PCAOB) proposed sweeping new auditing standards (PCAOB Release No.

To the Point - PCAOB proposes expanding auditor's responsibilities ...

Our publication discusses the PCAOB's proposal to expand the auditor's responsibility for considering a company's noncompliance with all laws and regulations.

PCAOB Solidifies Foundation of Every Audit With Adoption of New ...

“The Board's action today will help ensure that PCAOB standards on the most fundamental auditor responsibilities are up to date and optimized ...

PCAOB proposal would expand auditor's responsibilities

Identify the laws and regulations with which noncompliance could reasonably have a material effect on the financial statements. Incorporates a significant ...

To the Point: PCAOB proposes expanding auditor's responsibilities ...

The proposal would significantly increase the level of effort auditors expend to understand laws and regulations that may have an indirect ...

PCAOB's NOCLAR Proposal in the Hot Seat - Troutman Pepper

2023-003). The proposal has sparked a significant debate within the auditing and legal community, given the expanded role it envisions for ...

PCAOB Issues Proposal to Increase Auditor Vigilance Against Fraud ...

If adopted, the proposal would strengthen auditor requirements to identify, evaluate, and communicate possible or actual noncompliance with laws ...

PCAOB Proposes Significant Amendments to Auditing Standards To ...

NOCLAR PROPOSAL. The proposed amendments would significantly expand an auditor's responsibility for identifying, assessing and communicating ...

Statement on Proposal to Amend PCAOB Auditing Standards ...

This is well beyond both the scope of the financial statement audit and the auditor's core competency; and will trigger the need—at great cost-- ...

The PCAOB Closes Comment Period on Controversial Proposal to ...

... Proposal) to significantly ... The PCAOB Closes Comment Period on Controversial Proposal to Expand Auditor Responsibility for Legal Compliance.

Statement on Proposed Amendments to PCAOB Auditing Standards ...

First, the proposal is not fully transparent about the significant additional responsibilities it would impose on all public company auditors by ...

Wachtell Lipton Discusses PCAOB Proposal to Expand Auditors ...

The Public Company Accounting Oversight Board (PCAOB) has proposed changes to its auditing standards that would significantly expand auditors' ...

Comments Raise Concerns About PCAOB's Proposal To Expand ...

Comment letters on the PCAOB's proposal to significantly amend its audit standards raised serious concerns about the expansion of auditors' ...

PCAOB proposes additional reporting by auditors

The PCAOB issued two proposals that would significantly expand public reporting by audit firms about their audits and audit practices.

Highlights of Recent PCAOB Standard-Setting Activities (November ...

The proposed guidance would further amend and clarify other auditing standards, including AS 1215,7 to address the engagement partner's ...

PCAOB Proposes Revised Audit Requirements for Non-Compliance ...

For example, one of the most important things that the PCAOB could have done is to require auditors to communicate NOCLARs to investors. But the ...