Got Plans for Leap Day? Comments Will Be Due On PCAOB's Reproposal on Communications With Audit Committees
Get ready to send comments on or before 'leap day' (Feb. 29, 2012) on PCAOB's reproposed standard on Communications with Audit Committees. The PCAOB board approved the release of the reproposed standards at an open board meeting this morning.
As noted in PCAOB's press release: "Like the original proposal, the reproposed standard would establish requirements that enhance the relevance and quality of the communications between the auditor and the audit committee."
Read more about some enhancements to the proposal and related commentary here.