The CAQ's just-released, instructive "The Auditor's Report – Considerations for Audit Committees" aims to assist audit committees with understanding and responding to audit-related process and disclosure changes that will be triggered by implementation of the PCAOB's new expanded auditor report standard (release here). The publication identifies key considerations and questions for audit committees on auditor tenure, CAMs, and other new auditor report requirements to inform their understanding of the standard's impacts and evaluation of potential audit-related process and proxy disclosure enhancements, and to facilitate their dialogue with the auditors, management, investors, and other stakeholders.
The publication is equally instructive for corporate secretaries and other governance professionals and members of management who support the audit committee, facilitate the preparation of committee meeting agendas, interact with the auditors, and/or participate in the proxy and Form 10-K reporting process.
Access numerous additional resources on our Auditing and Audit Committees topical pages. This post first appeared in this week's Society Alert!