Revised PCAOB proposal on engagement review
05 Mar 2009
The US Public Company Accounting Oversight Board (PCAOB) has reproposed for comment an auditing standard on Engagement Quality Review (EQR).
This new proposal reflects significant changes to the standard that the PCAOB first proposed on 26 February 2008. The proposed standard provides a framework for an engagement quality reviewer to objectively evaluate the significant judgments made by the audit engagement team and the conclusions reached in forming an overall opinion. Comments are due 20 April 2009. Click for:
- PCAOB proposal (PDF 189k).
- PCAOB press release (PDF 19k).