PCAOB Releases Resource for Audit Committees
Aug 26, 2022
In August 2022, the Public Company Accounting Oversight Board (PCAOB) has issued “Spotlight — Audit Committee Resource (August 2022)”, which primarily consists of questions that public-company audit committees may wish to consider as part of their ongoing engagement and discussion with their auditors, including how the auditors are responding to the financial reporting and audit risks posed by the current economic environment.
Topics covered in the publication include:
- fraud and other risks;
- initial public offerings and mergers and acquisitions;
- audit execution;
- audit firms’ quality control systems;
- compliance with auditor independence requirements; and
- technology (e.g., auditing digital assets, responding to cyberthreats, and use of data and technology in the audit).
Review the publication on the PCAOB's website.