Audit regulators are teeing up discussions with investors to explore growing criticisms that the regulatory approach around internal controls is out of sync with risk.
The Public Company Accounting Oversight Board will convene its Investor Advisory Group in early September to discuss, among other topics, a call from the U.S. Chamber of Commerce to explore whether the PCAOB’s inspection process is pushing unreasonable demands around internal control over financial reporting. The PCAOB has slotted 75 minutes in its daylong agenda with the IAG on September 9 to discuss the Chamber’s request for a meeting among audit stakeholders.
