PCAOB publishes staff guidance on its Auditing Standard No. 2.

• Position: Public Company Accounting Oversight Board - Brief article

In late June the Public Company Accounting Oversight Board published staff guidance on audits of internal control. The guidance, issued in tandem with Securities and Exchange Commission guidance for issuers, can be found on the PCAOB's Web site at www.pcaobus.org/QA_Staff_Internal_Control.pdf. The guidance consists of questions and answers dealing with such issues as independence, scope and extent of testing, evaluating deficiencies, multi-location issues, using the work of others, and...