PCAOB proposes modernization of its standards addressing core auditing principles and responsibilities

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

Mar 28, 2023

On March 28, 2023, The Public Company Accounting Oversight Board (PCAOB) issued for public comment a proposed new standard, AS 1000, General Responsibilities of the Auditor in Conducting an Audit.

The proposal would (1) modernize a group of standards that the PCAOB adopted on an interim basis in 2003 and (2) address core auditing principles and responsibilities, such as “reasonable assurance, professional judgment, due professional care, and professional skepticism. Comments on the proposed rule are due by May 30, 2023.

For more information, see the press release and the proposed new standard on the PCAOB’s website.


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