PCAOB Issues Resources on Critical Audit Matters for Audit Committees and Investors

The PCAOB has issued resources on critical audit matters (CAMs) for investors and audit committees.

The resource for investors addresses changes to the auditor’s report; frequently asked questions about CAMs; and the implementation of PCAOB Auditing Standard 3101, The Auditor's Report on an Audit of Financial Statements When the Auditor Expresses an Unqualified Opinion.

The resource for audit committees contains information on working with auditors to apply the new CAM requirements.