- Comment Letter Analysis | CAQ Analysis of PCAOB Proposed Auditing Standard – General Responsibilities of the Auditor in Conducting an Audit and Proposed Amendments to PCAOB Standards (AS 1000)On March 28, 2023, the Board issued for public comment a proposal for a new standard, AS 1000, General Responsibilities of the Auditor in Conducting an Audit. Comment letters were due May 30, 2023. The PCAOB received 28 comment letters, with more than half from accounting firms and related groups. Who responded? In...November 3rd, 2023
Comment Letter, Academics, Auditors, Investors, Policymakers, Audit Quality - Comment Letter | Proposed Amendments to PCAOB Rule 3502 Governing Contributory Liability; PCAOB Rulemaking Docket Matter No. 053In this comment letter, the CAQ responds to the PCAOB’s proposed amendments related to Rule 3502 Governing Contributory Liability. We express concerns and our view that the Board’s proposal to amend the standard for contributory liability from one of recklessness to negligence is not adequately supported. We believe that any project...November 2nd, 2023Comment Letter, Academics, Auditors, Audit Quality
- Comment Letter | International Sustainability Standards Board: Consultation on Agenda PrioritiesThe CAQ is pleased to share our views related to the May 2023 International Sustainability Standards Board (ISSB): Consultation on Agenda Priorities. The CAQ is supportive of the ISSB’s efforts to develop and seek comment on its agenda priorities. In our letter we highlight the importance of market acceptance and...September 5th, 2023Comment Letter, Academics, Audit Committee, Auditors, Company Management, Global, Investors, Policymakers, Preparers/Issuers, ESG
- Comment Letter | PCAOB Technology-Assisted AnalysisIn this comment letter, the CAQ provides views to the PCAOB related to its request for comment on its Proposed Amendments Related to Aspects of Designing and Performing Audit Procedures that Involve Technology-Assisted Analysis of Information in Electronic Form. The CAQ is supportive of the Board’s objective to provide greater guidance...August 28th, 2023Comment Letter, Academics, Auditors, Audit Quality
- Comment Letter | Proposed International Standard on Auditing 570 (Revised 202X) Going Concern and Proposed Conforming and Consequential Amendments to Other ISAsIn this comment letter, the CAQ provides views to the IAASB related to its request for comment on its Proposed International Standard on Auditing 570 (Revised 202X) Going Concern and Proposed Conforming and Consequential Amendments to Other ISAs. The CAQ appreciates the work of the IAASB staff and the Board in...August 22nd, 2023Comment Letter, Auditors, Global, Policymakers, Audit Quality
- Comment Letter, Sign-on Letter | PCAOB: AS 2405, A Company’s Noncompliance with Laws and RegulationsIn this comment letter, more than 200 audit committee chairs, board members and other capital markets stakeholders signed on to share their concerns about proposed Amendments to PCAOB Auditing Standards related to a Company’s Noncompliance with Laws and Regulations and Other Related Amendments. This letter was submitted on behalf audit committee...August 8th, 2023Comment Letter, Academics, Audit Committee, Auditors, Broker Dealers, Company Management, Investors, Preparers/Issuers, Anti-Fraud, Audit Quality
- Comment Letter | PCAOB: AS 2405, A Company’s Noncompliance with Laws and RegulationsIn this comment letter, the CAQ provides views to the PCAOB related to its request for comment on its proposed Amendments to PCAOB Auditing Standards related to a Company’s Noncompliance with Laws and Regulations and Other Related Amendments. The CAQ supports the Board’s intention to modernize and strengthen auditing standards related...August 7th, 2023Comment Letter, Academics, Audit Committee, Auditors, Broker Dealers, Company Management, Investors, Preparers/Issuers, Anti-Fraud, Audit Quality
- ACC Comment Letter | PCAOB Non-compliance with Laws and Regulations (NOCLAR)In this comment letter, the Audit Committee Council (ACC) provides views to the PCAOB related to its request for comment on a proposed new auditing standard, AS 2405, A Company’s Noncompliance with Laws and Regulations, or “NOCLAR.” The ACC is an independent advisory committee of the Center for Audit Quality comprised of...July 25th, 2023Comment Letter, Audit Committee, Auditors, Policymakers, Audit Quality
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