Heads Up — A summary of the November 9–10 meeting of the PCAOB's Standing Advisory Group
At the meeting, the PCAOB provided an update on recent developments, including an overview of its current and future standard-setting activities. In addition, the PCAOB and SAG discussed the following: auditor independence and audit firm rotation, going concern, fair value pricing sources, improving the transparency of audits, year-end audit risk and financial reporting issues, and public comments on the PCAOB's concept release on the auditor's reporting model.