Please submit your feedback here.
SEC approved new PCAOB Audit Standards
Interested in:
1) Nature of major changes?
2) Specifically discuss changes related to "greater liability placed on employee and auditors".
3) Timing, applicability, to whom, by whom, enforcement details, implementation, feedback from broader management community, practitioners, public accounting firms?
4) Broader implications? Good / bad?
4.1) Lets think critically, is it greater or less oversight? Risk, more or less, if it shifts then to whom? Burden of compliance, more or less, better and worse for whom?
Any other thoughts?
Lets educate each other. Please post your knowledge, even if its a copy/paste.
Tnx.
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Ilya Ilienko, dual MBA, CPA, CMA
Board Member / Director
East Coast - United States
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