Comments of the Auditing Standards Committee of the Auditing Section of the American Accounting Association on the Concept Release, Potential Approach to Revisions to PCAOB Quality Control Standards

IF 0.8 Q4 BUSINESS, FINANCE
Veena L. Brown, D. Hermanson, J. Higgs, J. G. Jenkins, Christine J. Nolder, T. Schaefer, K. Smith
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引用次数: 5

Abstract

On December 17, 2019, the Public Company Accounting Oversight Board (the Board or PCAOB) issued a request for comment on its Concept Release, Potential Approach to Revisions to PCAOB Quality Control Standards. The Board is considering revising its Quality Controls (QC) standards to focus firms on improving their QC systems. To reduce the compliance burden, the Board is considering aligning its QC standards with those of the proposed International Standard on Quality Management 1, Quality Management for Firms That Perform Audits or Reviews of Financial Statements, or Other Assurance or Related Services Engagements (proposed ISQM 1). The comment period ended March 16, 2020. This commentary summarizes the participating committee members' views on selected questions on three aspects of a QC system presented in the Concept Release: Resources (Questions 31, 32, 34, 36, 37), The Monitoring and Remediation Process (Questions 45, 46, 47), and Roles and Responsibilities of Individuals (Question 52).Data Availability: The Concept Release, Potential Approach to Revisions to PCAOB Quality Control Standards, including questions for respondents, is available at: https://pcaobus.org/Rulemaking/Docket046/2019-003-Quality-Control-Concept-Release.pdf.
美国会计协会审计分会审计准则委员会关于PCAOB质量控制标准概念发布、修订的潜在途径的意见
2019年12月17日,美国上市公司会计监督委员会(PCAOB)就其《PCAOB质量控制标准修订的潜在方法》发布了一份征求意见的公告。董事会正在考虑修订其质量控制(QC)标准,以使公司专注于改进其质量控制系统。为了减轻合规性负担,理事会正在考虑将其质量控制标准与拟议的国际质量管理标准1、执行财务报表审计或复核或其他鉴证或相关服务业务的公司的质量管理(拟议的ISQM 1)的标准保持一致。意见征询期于2020年3月16日结束。这篇评论总结了参与委员会成员对概念稿中提出的质量控制系统三个方面的选定问题的看法:资源(问题31、32、34、36、37),监测和补救过程(问题45、46、47),以及个人的角色和责任(问题52)。数据可用性:概念发布,修订PCAOB质量控制标准的潜在方法,包括受访者的问题,可在https://pcaobus.org/Rulemaking/Docket046/2019-003-Quality-Control-Concept-Release.pdf获得。
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来源期刊
Current Issues in Auditing
Current Issues in Auditing BUSINESS, FINANCE-
CiteScore
1.60
自引率
12.50%
发文量
19
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