Judgements made by financial statement preparers and auditors

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17 Feb 2008

At the upcoming meeting of the PCAOB's Standing Advisory Council on 27 February 2008, a panel will discuss one of the recommendations in the recent progress report of the SEC's Advisory Committee on Improvements to Financial Reporting (CIFiR) – see our News Story of 16 February 2008.

The panel will focus on Recommendation 3.4 relating to accounting and auditing judgements. That recommendation states:

The SEC should adopt a judgement framework for accounting judgements. The PCAOB should also adopt a similar framework with respect to auditing judgements.
Click to download the Briefing Paper (PDF 73k) on this topic prepared for the meeting.

 

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