PCAOB Issues Outlook to Audit Committees for 2019 Staff Inspections

Charles Soranno, Managing Director Internal Audit and Financial Advisory

On March 14, the PCAOB released a Staff Inspection Brief highlighting its strategic focus on enhanced engagement with key external stakeholders, including audit committees. The brief is intended to help audit committees and registered public accounting firms understand and comply with PCAOB Auditing Standards and is useful for preparers and issuers to understand issues that impact their auditors and regulators.

This March Staff Inspection Brief is a follow-up to the PCAOB’s December 6, 2018, Staff Inspection Brief, in which the board provided its Inspections Outlook for 2019, with a focus on audit committee considerations and a few minor updates.

Protiviti has published a Flash Report in which we highlight some of the most notable areas the PCAOB underscored in its recent briefs. You can find our report here.

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