PCAOB Issues Staff Guidance on Implementing CAM Requirements

The PCAOB has issued a staff guidance document, A Deeper Dive on the Communication of CAMs, related to the implementation of the new critical audit matter (CAM) requirements.

The staff guidance document provides answers to a number of FAQs that address “questions that may arise when the auditor is communicating CAMs under AS 3101, The Auditor’s Report on an Audit of Financial Statements When the Auditor Expresses an Unqualified Opinion.”

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