The US Public Company Accounting Oversight
Board (PCAOB) will hold a roundtable discussing possible changes to
the auditor’s reporting model in order to ‘enhance the relevance of
auditors’ communications with investors’.
The PCAOB said the objective of the roundtable
is to obtain insight from investors and other financial statement
users, such as preparers of financial statements, audit committee
members and auditors, on the alternatives presented in the concept
release for changing the auditor’s report.
“The board’s consideration of the audit
reporting model is intended to identify meaningful opportunities to
enhance the relevance of auditors’ communications with investors,”
PCAOB chairman James Doty said.
The roundtable will be based on a PCAOB
concept release issued on 21 June, which presents several
alternatives for changing the auditor’s reporting model and seeks
comment on these or other alternatives that could provide investors
with more transparency into the audit process and more insight into
the company’s financial statements or information outside the
The roundtable will be held on 15 September
2011 in Washington, DC.