PCAOB staff Q&A on internal controls
02 Feb 2005
The US Public Company Accounting Oversight Board has published a fourth 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&A #37 addresses release of the auditor's reports on (a) management's assessment of internal control and (b) the financial statements on different dates.