Have questions about the PCAOB inspection process?

• Position: Public Company Accounting Oversight Board - Brief article

The Public Company Accounting Oversight Board issued a release (www.calcpa.orgiinspection411) to provide information to audit committees about its inspection process and the meaning of reported inspection results. The release provides information about the meaning and significance of PCAOB inspection findings in the context of both engagement reviews and quality control reviews. It also highlights certain areas of inquiry that audit committees may wish to address with their auditors. These include, for example:

* Whether the audit overseen by the audit committee was...