Comment deadline looms on PCAOB proposals

BVWireIssue #179-4
August 23, 2017

Comments are due Aug. 30, 2017, on two standard-setting proposals from the Public Company Accounting Oversight Board (PCAOB): one on auditing accounting estimates including fair value measurements and the other on the auditor’s use of the work of specialists. Of course, specialists include valuation experts. One of the matters the new rules seek to reinforce is that of “professional skepticism” over information you get from management or other third parties.

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