PCAOB Issues Supplemental Request for Comment Related to the Supervision of Audits Involving Other Auditors

The PCAOB has issued a second supplemental request for comment on its 2016 proposal to strengthen requirements that apply to auditors that are not part of the accounting firm that issues the audit report.

The newly proposed amendments would “adjust certain requirements to better take into account the lead auditor’s role in the audit” and “improve the readability and usability of the amendments and facilitate their implementation.”

Comments on the supplemental request for comment are due by November 30, 2021. For more information, see the press release as well as statements by Acting PCAOB Chairman Duane M. DesParte and board members Rebekah Goshorn Jurata and Megan Zietsman on the PCAOB’s Web site.