SEC approves PCAOB Auditing Standard No. 4.

• Position: Securities and Exchange Commission - Public Company Accounting Oversight Board - Brief article

The SEC has approved PCAOB Auditing Standard No. 4, which addresses reporting on the elimination of a material weakness.

The standard establishes a stand-alone engagement that is voluntary, performed only at the company's request, after the company has disclosed a material weakness in internal controls under SOX Sec...