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PCAOB issues staff consultation paper

  • PCAOB (US Public Company Accounting Oversight Board) Image

Aug 21, 2014

The PCAOB has released for public comment a staff consultation paper on “standard-setting activities related to auditing accounting estimates and fair value measurements.”

This paper is being issued partly in response to the numerous deficiencies in auditing accounting estimates the PCAOB has noted during its inspections of audit firms. The Board hopes that the feedback it receives will help it decide how to proceed with future standard setting related to this topic.

Comments on the staff consultation paper are due by November 3, 2014. For more information, see the paper and the press release on the PCAOB’s Web site.

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