Improving transparency in audits.
| Position | IRS NEWS |
The Public Company Accounting Oversight Board issued for public comment (www.calcpa.org/AuditTransparency) proposed amendments to its standards that would bring greater transparency to public company audits. The proposal would require registered accounting firms to disclose the name of the engagement partner in the audit report and on the PCAOB Annual Report form. It would also require disclosure in the audit report of other accounting firms and other persons not employed by the auditor that took part in the audit.
The proposal...
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