The PCAOB has issued Spotlight — Audit Committee Resource (August 2022), which
primarily consists of questions that public-company audit committees may wish to
consider “as part of their ongoing engagement and discussion with their auditors,
including how the auditors are responding to the financial reporting and audit risks
posed by the current economic environment.” Topics covered in the publication
Fraud and other risks.
Initial public offerings and mergers and acquisitions.
Audit firms’ quality control systems.
Compliance with auditor independence requirements.
Technology (e.g., auditing digital assets, responding to cyberthreats,
and use of data and technology in the audit).