PCAOB Releases Publication on Auditing Accounting Estimates

The PCAOB has released a publication on considerations related to auditing accounting estimates as part of its Audit Focus series. Specifically, the new publication “highlights key reminders for auditors from the PCAOB standards related to auditing accounting estimates, provides the staff’s perspectives on common deficiencies in auditors’ work, and shares good practices that the staff has observed.”

For more information, see the press release on the PCAOB’s Web site.