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by Ken Tysiac | Dec 19, 2019
The PCAOB’s inspections of audit firms in 2020 will continue to focus on areas that have been challenging for firms in recent years, George Botic, CPA, the PCAOB’s director of Registration and Inspections, said Wednesday.
During a presentation at the AICPA Conference on Current SEC and PCAOB Developments in Washington, D.C., Botic said areas of focus for the PCAOB’s 2020 inspections will include a greater emphasis on the audits of larger issuers with higher market capitalization.
Topical areas of focus will include:
In the first quarter of next year, the PCAOB also expects to debut a new report format for its 2018 audit year inspections of the six largest U.S. firms. The report will maintain the traditional Part I and Part II sections. The format also will reduce boilerplate language.
Full Article
Source: Journal of Accountancy
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