United States

The auditor's report: Considerations for audit committees

FINANCIAL REPORTING INSIGHTS  | 

The Center for Audit Quality recently issued a tool for audit committees, The Auditor’s Report: Considerations for Audit Committees, to explain changes to the auditor’s report resulting from Public Company Accounting Oversight Board Release 2017-001, The Auditor's Report on an Audit of Financial Statements When the Auditor Expresses an Unqualified Opinion, and Related Amendments to PCAOB Standards. The tool provides suggested questions and considerations that will assist audit committees in understanding the impact the new auditor’s report will have on the audit process and on interactions with the auditor, management and investors.