PCAOB staff guidance on internal control for SMEs
31 Jan 2009
The US Public Company Accounting Oversight Board (PCAOB) has published a 62-page guidance publication Staff Views An Audit of Internal Control Over Financial Reporting That Is Integrated With An Audit of Financial Statements: Guidance For Auditors of Smaller Public Companies.
The PCAOB's objective in issuing the Guidance is to help auditors apply the provisions of PCAOB Auditing Standard 5 An Audit of Internal Control Over Financial Reporting That Is Integrated with An Audit of Financial Statements to audits of smaller, less complex public companies. Click for:
- Staff Guidance on Applying AS 5 to Smaller Public Companies (PDF 201k)
- Information about PCAOB Auditing Standard 5