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PCAOB Proposes to Strengthen Requirements for Auditor Supervision of Other Auditors

  • PCAOB (US Public Company Accounting Oversight Board) (dark gray) Image

Apr 12, 2016

On April 12, 2016, the Public Company Accounting Oversight Board (PCAOB) issued a proposal to strengthen existing requirements and impose a more uniform approach to a lead auditor's supervision of other auditors. The Board requests public comment on its proposal by July 29, 2016.

In many audits, particularly those of large, multinational companies, important audit work is performed by accounting firms or individual accountants outside the audit firm issuing the audit report. The proposal addresses the lead auditor's responsibilities in overseeing those other auditors.

Review the press release and the proposal on the PCAOB's Web site.

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