PCAOB: The Auditor’s Use of the Work of Specialists

The CAQ provides views on the Public Company Accounting Oversight Board’s (PCAOB) Staff Consultation Paper 2015-01, The Auditor’s Use of the Work of Specialists. The CAQ believes that any enhancements to existing auditing standards and guidance should promote audit quality, be operational and adaptable to changes in the evolving capital markets, and continue to recognize that auditors will likely need to use the work of a specialist when audit matters require specialized knowledge and subject matter expertise in a field other than accounting or auditing.