Heads Up — A Summary of the March 24 Meeting of the PCAOB's Standing Advisory Group
Published on:
04 Apr 2011
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This issue summarizes the March 24, 2011, meeting of the PCAOB’s Standing Advisory Group (SAG). At the meeting, the PCAOB provided an update on recent developments and on its standard-setting activities. In addition, the PCAOB and SAG discussed the following: FASB projects, related effective dates and transition methods, and their potential impact on audits; the project undertaken by the Committee of Sponsoring Organizations of the Treadway Commission to modernize its internal control framework; auditing financial statement disclosures; and potential changes to the auditor’s reporting model.
