PCAOB COVID-19 spotlight: Insights and reminders for auditors
Dec 02, 2020
On December 2, 2020, the Public Company Accounting Oversight Board (PCAOB) released a new Spotlight publication, "Staff Observations and Reminders during the COVID-19 Pandemic", to provide insights from recent PCAOB inspections of reviews of interim financial information and audits.
This new publication builds on information provided in the PCAOB’s April 2020 Spotlight, COVID-19: Reminders for Audits Nearing Completion. Despite the ongoing challenges created by the pandemic, auditors remain responsible for conducting audits in accordance with PCAOB standards and rules, as well as other regulatory and professional standards. Although the staff observations in this publication relate to audits of public companies, many of the reminders, even where the term “public company” is used, may also be applicable to audits of broker-dealers.
Review the press release and publication on the PCAOB's website.