PCAOB seeks additional insight on proposed amendments
Hot Topic | March 2024
The PCAOB hosted a virtual roundtable on the NOCLAR proposal and has briefly reopened the comment period.
The PCAOB staff hosted a public virtual roundtable on March 6, 2024, to discuss certain aspects of the PCAOB’s proposal to amend auditing standards related to the auditor’s responsibility for considering a company’s noncompliance with laws and regulations. The PCAOB has also reopened the comment period on the original proposed amendments until March 18, 2024.
Read the supplement to our Hot Topic, which summarizes the key takeaways from the roundtable.
Applicability
- Public companies
Relevant dates
- March 6, 2024 – public virtual roundtable
- March 18, 2024 – comments due on the proposal
While there is still work to be done, the PCAOB's Roundtable brought together stakeholders to discuss important aspects of the proposed NOCLAR standard. These types of roundtable conversations, along with more public meetings and discussion papers, will best serve the public interest and allow for further understanding of the costs and benefits of such significant proposed changes
Christian Peo
National Managing Partner, Audit Quality and Professional Practice
Download the document:
Roundtable takeaways
Download PDFComment letter
Download PDFSubscribe to stay informed
Receive the latest financial reporting and accounting updates with our newsletters and more delivered to your inbox.
Accounting Research Online
Access our accounting research website for additional resources for your financial reporting needs.