CAQ Public Policy and Technical Alert, September 2016

Each month, the CAQ Public Policy and Technical Alert highlights and examines regulatory, standard-setting, legislative, and broader financial reporting developments impacting the public company audit profession. Please note that this alert is intended as general information and should not be relied upon as being definitive or all-inclusive. The CAQ encourages member firms to refer to the rules, standards, guidance, and other resources in their entirety.

In this issue:

• SEC updates C&DIs
• FASB issues proposed ASUs
• FASB proposes 2017 GAAP Financial Reporting Taxonomy
• IASB issues amendments to insurance contracts standards
• IAASB seeks input on growing use of data analytics in the audit
• IAASB consults on supporting trust in emerging forms of external reporting
• UK FRC issues thematic review on root cause analysis
• AICPA proposes criteria for a cybersecurity risk management program
• CAQ explains auditor’s role in cybersecurity risk management
• CAQ’s highlights of SEC Regulations Committee’s June 2016 meeting
• CAQ’s latest Main Street Investor Survey displays robust investor confidence
• CAQ issues new ‘Profession in Focus’ videos
• #AuditorProud social media blitz encourages youth to explore careers in audit, celebrates profession
• Upcoming Events