PCAOB Issues Concept Release
On Auditor’s Reporting Model
The Public Company Accounting Oversight Board today issued a concept release to discuss alternatives for changing the auditor’s reporting model. The Board also announced that it will convene a public roundtable to discuss the concept release in the third quarter of 2011.
The Public Company Accounting Oversight Board (PCAOB) adopted without material change a proposed temporary rule that establishes an interim inspection program for audits of securities brokers and dealers as permitted by the Dodd-Frank Wall Street Reform and Consumer Protection Act. The board said that insights gained through the interim program will inform the eventual determination of the scope and elements of a permanent program, which the board expects to propose by 2013.
The PCAOB has released its new “In Depth Guide to Public Company Auditing”. You can access it at:
If you need auditing services for your public company contact Salberg & Company, P.A. at 561-995-8270 or email at email@example.com.