Responsibilities of Lead Auditors to Conduct High-Quality Audits When Involving Other Auditors

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Mar 17, 2023

U.S. Securities & Exchange Commission

In this statement, we (1) discuss the auditor’s responsibilities with respect to audits involving other auditors, including members of their own network firms; (2) highlight how the auditor’s responsibilities are incorporated currently in the PCAOB standards, including the PCAOB’s quality control standards; and (3) provide reminders on good practices for audit committees and issuers.

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