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19 Nov 2020, 3:03 am by Lynn Jokela
The PCAOB’s memo provides a list of questions for audit committees to consider asking their auditors, here’s the memo’s key takeaways: – The effects of the new requirements will not be uniform across all audits – The extent of effects of the new requirements will depend on the nature and extent of accounting estimates included in the company’s financial statements, and also on whether the company uses a specialist – The new standard and amendments do not… [read post]