Professor Elam

Wed Oct 6, 20221

PCAOB moves to strengthen lead auditor’s oversight of other auditors [Journal of Accountancy] The lead auditor’s role in planning and executing a public company audit that involves other auditors would be enhanced under a proposal posted Tuesday in a second supplemental request for comment by the PCAOB. The PCAOB has been looking for years to strengthen requirements that apply to audits involving accounting firms and individual auditors that are outside the accounting firm that issues the auditor’s report.