August 30, 2017

PCAOB: Proposed Amendments to Auditing Standards for Auditor's Use of the Work of Specialists

In this August 2017 comment letter, the CAQ supports the PCAOB’s efforts to consider ways to further investor protection by strengthening the requirements for evaluating the work of a company’s employed or engaged specialist and applying a risk-based supervisory approach to both auditor-employed and auditor-engaged specialists. The CAQ provides a range of recommendations focused on the areas where the CAQ believes additional clarity could be provided for the roles of specialists in the audit.