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PCAOB staff Q&As on internal controls

  • PCAOB (US Public Company Accounting Oversight Board) (dark gray) Image

24 Nov 2004

The US Public Company Accounting Oversight Board has published a third set of staff questions and answers related to PCAOB Auditing Standard No.

2, An Audit of Internal Control Over Financial Reporting Performed in Conjunction with an Audit of Financial Statements. AS 2 applies to audits of foreign, as well as domestic, SEC registrants. The new Q&As (nos. 30-36) address, among other things, audits of multinational companies that involve more than one auditor; audits of federally insured financial institutions; the timing of auditors' communications about weaknesses or deficiencies in internal control; audits of IT; and use of internal auditors.
  • Q&A 30-36 (PDF 85k) published 22 November 2004
  • Q&A 27-29 (PDF 58k) published 6 October 2004
  • Q&A 1-26 (PDF 96k) published 23 June 2004

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