August 18, 2017

SEC: Proposed PCAOB Rules on the Auditor's Report

The CAQ is supportive of the PCAOB’s efforts to enhance the auditor’s reporting model to provide additional information to stakeholders in an increasingly complex business environment. In this letter, the CAQ recommends that the SEC approach the implementation in a collaborative way with all members of the financial reporting supply chain to help manage the implementation process and related expectations  of preparers, auditors and investors. It also provides the SEC with its views on activities that could promote a collaborative implementation of the standard, once approved by the SEC.