PCAOB Issues Publication on Conversations With Audit Committee Chairs
Mar 25, 2022
In March 2022, the Public Company Accounting Oversight Board (PCAOB) has issued “Spotlight — 2021 Conversations With Audit Committee Chairs”. The publication discusses key takeaways from the PCAOB’s discussions with audit committee chairs.
The items discussed include:
- Required communications between the auditor and audit committee;
- Discussions in addition to required communications;
- Auditor strengths and areas for improvement;
- Review and discussion of PCAOB inspection reports;
- Quality control systems at audit firms; and
- Information outside the financial statements.
Review the Spotlight publication on the PCAOB's website.