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PCAOB updates staff guidance on auditor’s report

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

Aug 24, 2018

In August 2018, the Public Company Accounting Oversight Board (PCAOB) updated its December 2017 staff guidance on the auditor’s report.

The staff guidance is intended to help firms as they implement the first phase of changes to the auditor’s report. The August 23 update amends the following sections:

  • Annotated sample auditor’s report.
  • Auditor tenure.
  • Auditor reporting regarding internal control over financial reporting.
  • Explanatory and emphasis paragraphs.
  • Voluntary disclosure about certain audit participants.
  • Other reporting situations.

Review the staff guidance on the PCAOB’s website.

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