✦ LIBER ✦
PCAOB gets tough with new audit quality review standard
✍ Scribed by Bruce Bettinghaus
- Publisher
- John Wiley and Sons
- Year
- 2010
- Tongue
- English
- Weight
- 87 KB
- Volume
- 21
- Category
- Article
- ISSN
- 1044-8136
No coin nor oath required. For personal study only.
✦ Synopsis
Abstract
The author discusses the requirements of the recently proposed Public Company Accounting Oversight Board (PCAOB) auditing standard (AS 7) requiring the review and approval of a second audit partner of each audit. The PCAOB intended to get tough—the standard is designed to be rigorous. Unfortunately, the additional costs of implementing it might exceed any benefit. © 2010 Wiley Periodicals, Inc.