PCAOB staff Q&As on internal controls

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12 Oct 2004

The US Public Company Accounting Oversight Board has published a second 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. 27-29) address the scope and extent of testing, evaluating deficiencies, and service organisations. Click to download:

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