Comments sought.

• Position: Comment on the Auditing Accounting Estimates and Fair Value Measurements - Brief article

Comments Sought on Auditing Accounting Estimates and Fair Value Measurements The Public Company Accounting Oversight Board issued for public comment a Staff Consultation Paper on standard-setting activities related to auditing accounting estimates and fair value measurements.

The paper was prepared by the Office of the Chief Auditor as part of its outreach efforts to seek input related to the potential need for changes to the PCAOB standards in this area and a possible approach for a new auditing standard. PCAOB inspection staff have continued to identify numerous audit deficiencies across various types of estimates and across various...