On June 21, 2022, the PCAOB issued Release 2022-002, in which the Board adopted amendments to its auditing standards to strengthen requirements for planning and supervising audits involving accounting firms and individual accountants (“other auditors”) outside the accounting firm issuing the auditor’s report (the “lead auditor”). This alert has been prepared to...

Alert CAQ Alert 2023-01: Updates to SEC Non- GAAP Financial Measures Compliance and Disclosure Interpretations (C&DIs) Wednesday, January 25, 2023 Download PDF On December 13, 2022, the SEC’s Division of Corporation Finance posted an update to Non-GAAP Financial Measures Compliance & Disclosure Interpretations (C&DI) Questions 100.01, 100.04 – 100.06, and 102.10(a)(b)(c). The updates,...

The CAQ has issued an addendum to the November 6, 2021 International Practices Task Force Document for Discussion: Monitoring Inflation in Certain Countries to provide an update regarding recent increases in Turkey’s inflation rates. Download the PDF to read the full Alert.

Alert Audit Planning Alert for Auditors of Brokers and Dealers Tuesday, December 7, 2021 This CAQ Alert: Audit Planning Alert for Auditors of Brokers and Dealers (Planning Alert), poses questions for auditors of brokers and dealers to consider as they plan both their audit and attestation engagements. The Planning Alert focuses on six...

Alert CAQ Alert 2021-02: Amendments to SEC Independence Rules Thursday, June 10, 2021 Download PDF The Securities and Exchange Commission (SEC) approved amendments to certain auditor independence requirements in Rule 2-01 of Regulation S-X in October 2020. These amendments are effective June 9, 2021. Voluntary early compliance is permitted after December 11, 2020...

Alert, Publications CAQ Alert 2021-01: Auditor and Audit Committee Considerations Relating to Special Purposes Acquisition Company (SPAC) Initial Public Offerings and Mergers Monday, May 3, 2021 Download PDF Special purpose acquisition companies (SPACs) have been used for decades as a mechanism for private companies to access capital markets. Recently, SPACs exploded in popularity...

Alert SEC Amendment to Accelerated Filer Definition Thursday, March 19, 2020 On March 12, 2020, the Securities and Exchange Commission (SEC) adopted amendments to the accelerated filer and large accelerated filer definitions. The accelerated filer definition triggers the external auditor attestation requirement over internal control over financial reporting (ICFR) under Section 404(b) of...

Alert CAQ ALERT #2019-01 – PCAOB REPORT ON 2018 INSPECTIONS OF BROKERS AND DEALERS Tuesday, August 27, 2019 On August 20, 2019, the PCAOB issued its Annual Report on the Interim Inspection Program Related to Audits of Brokers and Dealers (Annual Report). Consistent with prior years, the PCAOB observed that the percentage of...