Financial Reporting Insights
2020 Effective Date Reminder
Our annual Effective Date Reminder lists pronouncements issued as of Nov. 1, 2020, which became effective on or after Jan. 1, 2020.
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Ideas & Insights
Financial Reporting Insights
ASB issues revised standard for agreed-upon procedures engagements
The ASB recently issued Statement on Standards for Attestation Engagements 19, Agreed-Upon Procedures Engagements.
Financial Reporting Insights
PCAOB audit committee resource: CAMs
The PCAOB recently released insights for audit committees regarding the auditor’s communication of critical audit matters.
Financial Reporting Insights
Auditor independence: Certain loans and debtor-creditor relationships
The SEC amended its independence rules regarding when the auditor has a lending relationship with certain client shareholders.
Financial Reporting Insights
PCAOB guidance on communication of CAMs
Recent PCAOB guidance focuses on questions that may arise when the auditor is communicating critical audit matters under AS 3101.
Financial Reporting Insights
PCAOB staff guidance on Rule 3526(b)
The PCAOB staff recently provided guidance regarding how auditors are to comply with certain provisions of Rule 3526.