PCAOB adopts new risk assessment auditing standards.

PositionNews&trends

The PCAOB has adopted a suite of eight auditing standards related to the auditor's assessment of, and response to, risk in an audit. The standards, Auditing Standards No. 8 through No. 15, include requirements to enhance the effectiveness of the auditor's assessment of, and response to, the risks of material misstatement in the financial statements. The...

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