Zicklin Logo
Personal tools
ZSB Home » Academic Centers » Zicklin Center for Corporate Integrity » ZCCI In The Media » PCAOB Broadens Outreach to Audit Committees

PCAOB Broadens Outreach to Audit Committees

The Public Company Accounting Oversight Board has issued a communication to audit committees known as an Audit Committee Dialogue, promising it will be the first in a series to provide insights from inspections of public company auditors that may be helpful to audit committee members in their oversight of auditors.
PCAOB Broadens Outreach to Audit Committees

James Doty

PCAOB Broadens Outreach to Audit Committees

BY MICHEAL COHN WASHINGTON DC (MAY 7th, 2015)

The Public Company Accounting Oversight Board has issued a communication to audit committees known as anAudit Committee Dialogue, promising it will be the first in a series to provide insights from inspections of public company auditors that may be helpful to audit committee members in their oversight of auditors.

The Dialogue highlights key areas of recurring concern in PCAOB inspections of large audit firms as well as certain emerging risks to the audit. The Dialogue also provides targeted questions that committee members may ask their auditors on each topic.

“We are doing more in the way of outreach, especially to audit committees, with a view to help raise awareness of audit risks and challenges,” said PCAOB chairman James Doty, during a speech Thursday at a financial reporting conference at Baruch College in New York. “Audit committees play an important role in protecting investors’ interest in accurate financial reports and reliable audits.”

To continue reading click here.

Copyright © 2015 Accounting Today, All rights reserved

cuny-logo.gif
Baruch College/CUNY | Zicklin School Of Business | 646-312-1000 | Copyright © 2014
One Bernard Baruch Way, New York, NY 10010 ( 55 Lexington Avenue at East 24th Street, NYC )

FAQ | News | Events Listing | Administrators Login | About This Website | AACSB Accredited