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Heads Up — A Summary of the March 24 Meeting of the PCAOB's Standing Advisory Group

Published on: Apr 04, 2011

This issue summarizes the March 24, 2011, meeting of the PCAOB’s Standing Advisory Group (SAG). At the meeting, the PCAOB provided an update on recent developments and on its standard-setting activities. In addition, the PCAOB and SAG discussed the following: FASB projects, related effective dates and transition methods, and their potential impact on audits; the project undertaken by the Committee of Sponsoring Organizations of the Treadway Commission to modernize its internal control framework; auditing financial statement disclosures; and potential changes to the auditor’s reporting model.


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