Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.


Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

SEC seeks comment on PCAOB’s ‘critical audit matter’ rule

Tammy Whitehouse | July 31, 2017

Companies with any lingering worries about the impending effects of a new audit report have one last opportunity to appeal for change.

The Securities and Exchange Commission has posted for public review and comment the final rule adopted by the Public Company Accounting Oversight Board overhauling the standard audit report. The centerpiece of the new rule, which must be approved by the SEC before it can become effective, is a requirement for auditors to list and describe “critical audit matters” that arose during the course of the audit.

The new rule defines CAMs as:

  • any matter that was communicated or required to...
    Read this single article for $49, or click the subscribe button below to review subscription options.

Enjoy unlimited access to thousands of articles, browse five years of digital magazines, qualify for reduced admission to events, and more.