Credit crisis audit considerations

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

19 Oct 2008

The US Public Company Accounting Oversight Board will meet with its Standing Advisory Group on 22-23 October 2008 in Washington.

One of the issues that the advisory group will discuss is audit considerations relating to the current economic environment. The agenda paper for this topic discusses possible considerations in upcoming audits, including:
  • Fair value measurements
  • Other than temporary impairment
  • Credit derivatives
  • Going concern
  • Pensions/other postretirement benefits
  • Receivables
  • Inventory
  • Other asset impairments
  • Disclosures

Click to download the agenda paper for this topic: Emerging Issue - Audit Considerations in the Current Economic Environment (PDF 177k).

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