PCAOB may propose reorganization of auditing standards


The PCAOB is considering proposing a reorganization of its auditing standards that would be designed to present them in a logical order that generally follows the flow of how an audit is conducted.

An open meeting of the board has been scheduled for 9:30 a.m. Tuesday to consider issuing for public comment a proposal that would reorganize the PCAOB’s standards.

The board is considering a potential framework that would organize the board’s existing interim and PCAOB-issued standards into a topical structure with a single, integrated numbering system, along with certain implementing amendments to its rules and standards.

In addition to presenting the standards in a logical order, the proposed reorganization would be intended to help users navigate the standards more easily. The meeting will be available via webcast on the PCAOB website.

Ken Tysiac ( ktysiac@aicpa.org ) is a JofA senior editor.


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