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SEC approves PCAOB proposal on audit standard restructuring

  • SEC (US Securities and Exchange Commission) Image
  • PCAOB (US Public Company Accounting Oversight Board) Image

Sep 18, 2015

The SEC has issued a release approving the PCAOB’s proposal to reorganize its auditing standards and make related changes to PCAOB rules and attestation, quality control, and ethics and independence standards.

The proposal would reorganize the PCAOB’s standards into the following categories:

  • General auditing standards (AS 1000s).
  • Audit procedures (AS 2000s).
  • Auditor reporting (AS 3000s).
  • Matters related to filings under federal securities laws (AS 4000s).
  • Other matters associated with audits (AS 6000s).

For more information, see the release on the SEC’s Web site.

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