Corporate & Financial Weekly Digest

Corporate & Financial Weekly Digest

Tag Archives: PCAOB

CFTC Releases No-Action Position on PCAOB Requirement to Communicate Critical Audit Matters

Posted in CFTC
On August 29, the Commodity Futures Trading Commission’s Division of Swap Dealer and Intermediary Oversight (Division) issued a no-action letter confirming that it will not recommend enforcement action against a futures commission merchant (FCM) if the accountant’s audit opinion included in the FCM’s annual financial report does not include “critical audit matters” (or the absence… Continue Reading

SEC Approves PCAOB Rule to Require Enhanced Audit Reports

Posted in SEC/Corporate
On October 23, the Securities and Exchange Commission approved new audit reporting standard, AS 3101, proposed by the Public Company Accounting Oversight Board (PCAOB), which requires auditors to provide new information in public company audit reports, with the goal of making such reports more informative for investors and other financial statement users. The adoption of… Continue Reading

PCAOB Re-Proposes Auditor Reporting Standard to Enhance Auditor Reports

Posted in SEC/Corporate
On May 11, the Public Company Accounting Oversight Board (PCAOB) re-proposed its standard for information that auditors are required to provide in their audit opinions. As noted in its press release regarding the re-proposed standard, the PCAOB desires to make auditor’s reports more informative for investors. In 2013, the PCAOB proposed a standard that would… Continue Reading

SEC Approves PCAOB Rules Requiring Disclosure of Audit Participants

Posted in SEC/Corporate
On May 9, the Securities and Exchange Commission adopted the proposed new rules and related amendments to auditing standards (Rules). As reported in the January 8 edition of Corporate and Financial Weekly Digest, the Public Company Accounting Oversight Board (PCAOB) adopted and proposed the Rules for SEC approval to provide investors with more information about… Continue Reading