PCAOB Issues Publication on Conversations With Audit Committee Chairs
March 25, 2022
The PCAOB has issued Spotlight — 2021 Conversations With Audit Committee Chairs. The publication discusses key takeaways from the PCAOB’s discussions with audit committee chairs, such as:
- Required communications between the auditor and audit committee.
- Discussions in addition to required communications.
- Auditor strengths and areas for improvement.
- Review and discussion of PCAOB inspection reports.
- Quality control systems at audit firms.
- Information outside the financial statements.