PCAOB report on internal control audits
19 Apr 2007
The US Public Company Accounting Oversight Board has issued a report on the second year implementation of its Auditing Standard No. 2 An Audit of Internal Control over Financial Reporting Performed in Conjunction with an Audit of Financial Statements.
The report is based on PCAOB inspections that looked at portions of approximately 275 audits of internal control over financial reporting (ICFR) by registered public accounting firms. Click to Download the PCAOB Report (PDF 67k).
