The Public Company Accounting Oversight Board (PCAOB) will hold an open meeting next week to seek comments from the public on proposed auditing standards to enhance the auditor’s reporting model and the auditor’s responsibility.
These proposals are meant to increase the quality of the auditor’s communication to those relying on the audit report.
PCAOB said in a statement: "The auditor’s report has changed very little since the 1940s. Since that time, the size and complexity of US capital markets has greatly increased, and a greater percentage of American households invest their savings in the stock market than ever before."
The meeting will take place on 13 August.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData