PCAOB Releases Resource for Audit Committees

The PCAOB has issued a Spotlight, Audit Committee Resource. The publication primarily consists of questions that public-company audit committees may wish to consider “amongst themselves or in discussions with their independent auditors, particularly given today’s economic and geopolitical landscape.” Topics covered in the publication include:

• Risk of fraud.
• Risk assessment and internal controls.
• Auditing and accounting risks.
• Digital assets.
• Merger and acquisition activities.
• Use of the work of other auditors.
• Talent and its impact on audit quality.
• Independence.
• Critical audit matters.
• Cybersecurity.