PCAOB Establishes New Firm Consultation Process

The PCAOB has announced that it has launched a new firm consultation process that “will allow registered public accounting firms to submit questions directly to OCA staff and receive informal staff views regarding the implementation of new standards and application of existing standards.” The overall objective of the new process, which is directed by the PCAOB’s Office of the Chief Auditor, is to provide registered firms with “more timely and consistent guidance from PCAOB staff.” Registered firms can request a new consultation by filling out a consultation intake form.

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