IAASB Welcomes US PCAOB’s Efforts to Enhance the Auditor’s Report
May 23, 2016
On May 23, 2016, the International Auditing and Assurance Standards Board (IAASB) welcomes the release by the US Public Company Accounting Oversight Board (PCAOB) of its re-proposed auditing standard, "The Auditor's Report on an Audit of Financial Statements When the Auditor Expresses an Unqualified Opinion."
The PCAOB’s reproposal would require auditors conducting audits under PCAOB standards to provide information on critical audit matters (CAM) in the auditor’s report, in addition to other enhancements.
For a comparison between the PCAOB’s reproposal and the current ISAs of the IAASB, refer to the related publication also issued by the IAASB on May 23, 2016.
Review the press release on the IAASB's Web site.
