PCAOB Staff Issues Guidance on Communications With Audit Committees Concerning Independence

The PCAOB staff has issued guidance related to PCAOB Rule 3526, Communication With Audit Committees Concerning Independence.

The staff guidance provides (1) an overview of Rule 3526(b), including background information; (2) the reasoning behind the need for this guidance; and (3) “specific direction to registered public accounting firms on how to comply with their Rule 3526(b) obligations” under certain circumstances.

For more information, see the staff guidance on the PCAOB’s Web site.