PCAOB | DRIVING CONTINUOUS IMPROVEMENT IN AUDIT QUALITYSTANDARDSINSPECTIONSINTERNATIONALCAREERSABOUT THE

PCAOBAUDITORSEARCH

The PCAOB is a nonprofit corporation established by Congress to oversee the audits of public companies in order to protect investors and further the public interest in the preparation of informative, accurate, and independent audit reports. The PCAOB also oversees the audits of brokers and dealers, including compliance reports filed pursuant to federal securities laws. PCAOB PROPOSES RULE TO CREATE FRAMEWORK FOR HFCAA The Public Company Accounting Oversight Board (PCAOB) today issued for public comment a proposed rule related to the PCAOB’s responsibilities under the Holding Foreign Companies Accountable Act (HFCAA). The Board requests public comment on the proposal by July 12, 2021. “Cooperation between the PCAOB and our international counterparts is vital to facilitating meaningful RESEARCH AND STANDARD-SETTING PROJECTS PCAOB staff identifies current or emerging audit issues, develops a research agenda, and works on standard-setting projects. Learn more about our standard-setting process.

REGISTERED FIRMS

Registered Firms. Find firms currently registered with the PCAOB by name, location or audit report activity. This information is reported by the firms in their most recent annual reports to the PCAOB. View the Firm Summary page to see a firm’s registration, annual and special report filings, inspection reports, or disciplinary actions.

AUDITORSEARCH

As of December 31, 2019, 1,433,793 unique searches (excluding PCAOB IP addresses) had been performed on AuditorSearch. The entire data set was downloaded 16,079 times. Download the number of searches and users

by date.

ACCOUNTING SUPPORT FEE The total accounting support fee is equitably allocated between issuers (the issuer accounting support fee) and broker-dealers (the broker-dealer accounting support fee). Generally, equity issuers with an average, monthly U.S. equity market capitalization greater than $75 million during the preceding calendar year, and investment companies

with

AS 4105: REVIEWS OF INTERIM FINANCIAL INFORMATION AS 1301: COMMUNICATIONS WITH AUDIT COMMITTEES LOGIN - WELCOME TO THE RASR APPLICATION This network and its resources are the property of the Public Company Accounting Oversight Board. Usage may be monitored. AS 6101: LETTERS FOR UNDERWRITERS AND CERTAIN OTHER Introduction. .01 This section provides guidance to accountants for performing and reporting on the results of engagements to issue letters for underwriters and certain other requesting parties described in and meeting the requirements of paragraph .03, .04, or .05 (commonly referred to as "comfort letters") in connection with

financial

PCAOB | DRIVING CONTINUOUS IMPROVEMENT IN AUDIT QUALITYSTANDARDSINSPECTIONSINTERNATIONALCAREERSABOUT THE

PCAOBAUDITORSEARCH

The PCAOB is a nonprofit corporation established by Congress to oversee the audits of public companies in order to protect investors and further the public interest in the preparation of informative, accurate, and independent audit reports. The PCAOB also oversees the audits of brokers and dealers, including compliance reports filed pursuant to federal securities laws. PCAOB PROPOSES RULE TO CREATE FRAMEWORK FOR HFCAA The Public Company Accounting Oversight Board (PCAOB) today issued for public comment a proposed rule related to the PCAOB’s responsibilities under the Holding Foreign Companies Accountable Act (HFCAA). The Board requests public comment on the proposal by July 12, 2021. “Cooperation between the PCAOB and our international counterparts is vital to facilitating meaningful

REGISTERED FIRMS

Registered Firms. Find firms currently registered with the PCAOB by name, location or audit report activity. This information is reported by the firms in their most recent annual reports to the PCAOB. View the Firm Summary page to see a firm’s registration, annual and special report filings, inspection reports, or disciplinary actions. RESEARCH AND STANDARD-SETTING PROJECTS PCAOB staff identifies current or emerging audit issues, develops a research agenda, and works on standard-setting projects. Learn more about our standard-setting process.

AUDITORSEARCH

As of December 31, 2019, 1,433,793 unique searches (excluding PCAOB IP addresses) had been performed on AuditorSearch. The entire data set was downloaded 16,079 times. Download the number of searches and users

by date.

ACCOUNTING SUPPORT FEE The total accounting support fee is equitably allocated between issuers (the issuer accounting support fee) and broker-dealers (the broker-dealer accounting support fee). Generally, equity issuers with an average, monthly U.S. equity market capitalization greater than $75 million during the preceding calendar year, and investment companies

with

AS 4105: REVIEWS OF INTERIM FINANCIAL INFORMATION AS 1301: COMMUNICATIONS WITH AUDIT COMMITTEES LOGIN - WELCOME TO THE RASR APPLICATION This network and its resources are the property of the Public Company Accounting Oversight Board. Usage may be monitored. AS 6101: LETTERS FOR UNDERWRITERS AND CERTAIN OTHER Introduction. .01 This section provides guidance to accountants for performing and reporting on the results of engagements to issue letters for underwriters and certain other requesting parties described in and meeting the requirements of paragraph .03, .04, or .05 (commonly referred to as "comfort letters") in connection with

financial

AS 4105: REVIEWS OF INTERIM FINANCIAL INFORMATION Footnotes (AS 4105 - Reviews of Interim Financial Information): 1A See AS 1005, Independence, AS 1010, Training and Proficiency of the Independent Auditor, and AS 1015, Due Professional Care in the Performance of Work.. 1 The Securities and Exchange Commission (SEC) requirement is set forth in Rule 10-01(d) of Regulation S-X for Form 10-Q and item 310(b) of Regulation S-B for Form 10-QSB. AS 2310: THE CONFIRMATION PROCESS Footnotes (AS 2310 - The Confirmation Process): 1 Bill and hold sales are sales of merchandise that are billed to customers before delivery and are held by the entity for the customers.. 2 AS 2410, Related Parties, establishes requirements regarding the auditor's evaluation of relationships and transactions between the company and its related parties.. 3 The need to maintain control does not FIRM INSPECTION REPORTS Firm Inspection Reports. The Sarbanes-Oxley Act authorizes the PCAOB to inspect registered firms for the purpose of assessing compliance with certain laws, rules, and professional standards in connection with a firm's audit work for public companies, other issuers, and broker-dealer clients. Registered firms that issue 100 or fewer audit AS 2710: OTHER INFORMATION IN DOCUMENTS CONTAINING AUDITED Footnotes (AS 2710 - Other Information in Documents Containing Audited Financial Statements): 1 Mere reading of other information is an inadequate basis for expressing an opinion on that information.. 2 In fulfilling his responsibility under this section, a principal auditor may also request the other auditor or auditors involved in the engagement to read the other information. AS 1301: COMMUNICATIONS WITH AUDIT COMMITTEES Footnotes (AS 1301 - Communications with Audit Committees): 1 Terms defined in Appendix A, Definitions, are set in boldface type the first time they appear.. 2 For purposes of this standard, an audit is either an audit of internal control over financial reporting that is integrated with an audit of financial statements or an audit of financial statements only. PCAOB ACCOUNTING SUPPORT FEE PAYMENT SYSTEM PCAOB and FASB Accounting Support Fee Payment System. Section 109 of the Sarbanes-Oxley Act, as amended by the Dodd-Frank Act, requires the PCAOB and FASB to allocate portions of the accounting support fees among issuers as well as brokers and dealers for the PCAOB accounting support fee only. To pay your accounting support fee invoice, click AS 2301: THE AUDITOR'S RESPONSES TO THE RISKS OF MATERIAL Footnotes (AS 2301 - The Auditor's Responses to the Risks of Material Misstatement): 1 See also paragraph .06 of AS 1015, Due Professional Care in the Performance of Work.. 2 For integrated audits, paragraphs .61 and .B13 of AS 2201, An Audit of Internal Control Over Financial Reporting That Is Integrated with An Audit of Financial Statements, establish requirements for introducing

AU SECTION 9336

Interpretation—Section 336, Using the Work of a Specialist, paragraph .06, states that “during the auditan auditor may encounter complex or subjective matters potentially material to the financial statements.Such matters may require special skill or knowledge and in the auditor’s judgment require using the work of a specialist to obtain appropriate evidential matter.” AS 2201: AN AUDIT OF INTERNAL CONTROL OVER FINANCIAL Appendix A - Definitions.A1 For purposes of this standard, the terms listed below are defined as follows -.A2 A control objective provides a specific target against which to evaluate the effectiveness of controls. A control objective for internal control over financial reporting generally relates to a relevant assertion and states a criterion for evaluating whether the company's control AS 2501: AUDITING ACCOUNTING ESTIMATES, INCLUDING FAIR Footnotes (Appendix A of AS 2501 - Auditing Accounting Estimates, Including Fair Value Measurements): 1 If the third party is a service organization that is part of the company's information system over financial reporting, AS 2601, Consideration of an Entity's Use of a Service Organization, describes the auditor's responsibilities for obtaining an understanding of controls at the service PCAOB | DRIVING CONTINUOUS IMPROVEMENT IN AUDIT QUALITYSTANDARDSINSPECTIONSINTERNATIONALCAREERSABOUT THE

PCAOBAUDITORSEARCH

The PCAOB is a nonprofit corporation established by Congress to oversee the audits of public companies in order to protect investors and further the public interest in the preparation of informative, accurate, and independent audit reports. The PCAOB also oversees the audits of brokers and dealers, including compliance reports filed pursuant to federal securities laws. PCAOB PROPOSES RULE TO CREATE FRAMEWORK FOR HFCAA The Public Company Accounting Oversight Board (PCAOB) today issued for public comment a proposed rule related to the PCAOB’s responsibilities under the Holding Foreign Companies Accountable Act (HFCAA). The Board requests public comment on the proposal by July 12, 2021. “Cooperation between the PCAOB and our international counterparts is vital to facilitating meaningful RESEARCH AND STANDARD-SETTING PROJECTS PCAOB staff identifies current or emerging audit issues, develops a research agenda, and works on standard-setting projects. Learn more about our standard-setting process.

REGISTERED FIRMS

Registered Firms. Find firms currently registered with the PCAOB by name, location or audit report activity. This information is reported by the firms in their most recent annual reports to the PCAOB. View the Firm Summary page to see a firm’s registration, annual and special report filings, inspection reports, or disciplinary actions.

AUDITORSEARCH

As of December 31, 2019, 1,433,793 unique searches (excluding PCAOB IP addresses) had been performed on AuditorSearch. The entire data set was downloaded 16,079 times. Download the number of searches and users

by date.

ACCOUNTING SUPPORT FEE The total accounting support fee is equitably allocated between issuers (the issuer accounting support fee) and broker-dealers (the broker-dealer accounting support fee). Generally, equity issuers with an average, monthly U.S. equity market capitalization greater than $75 million during the preceding calendar year, and investment companies

with

AS 4105: REVIEWS OF INTERIM FINANCIAL INFORMATION AS 1301: COMMUNICATIONS WITH AUDIT COMMITTEES LOGIN - WELCOME TO THE RASR APPLICATION This network and its resources are the property of the Public Company Accounting Oversight Board. Usage may be monitored. AS 6101: LETTERS FOR UNDERWRITERS AND CERTAIN OTHER Introduction. .01 This section provides guidance to accountants for performing and reporting on the results of engagements to issue letters for underwriters and certain other requesting parties described in and meeting the requirements of paragraph .03, .04, or .05 (commonly referred to as "comfort letters") in connection with

financial

PCAOB | DRIVING CONTINUOUS IMPROVEMENT IN AUDIT QUALITYSTANDARDSINSPECTIONSINTERNATIONALCAREERSABOUT THE

PCAOBAUDITORSEARCH

The PCAOB is a nonprofit corporation established by Congress to oversee the audits of public companies in order to protect investors and further the public interest in the preparation of informative, accurate, and independent audit reports. The PCAOB also oversees the audits of brokers and dealers, including compliance reports filed pursuant to federal securities laws. PCAOB PROPOSES RULE TO CREATE FRAMEWORK FOR HFCAA The Public Company Accounting Oversight Board (PCAOB) today issued for public comment a proposed rule related to the PCAOB’s responsibilities under the Holding Foreign Companies Accountable Act (HFCAA). The Board requests public comment on the proposal by July 12, 2021. “Cooperation between the PCAOB and our international counterparts is vital to facilitating meaningful RESEARCH AND STANDARD-SETTING PROJECTS PCAOB staff identifies current or emerging audit issues, develops a research agenda, and works on standard-setting projects. Learn more about our standard-setting process.

REGISTERED FIRMS

Registered Firms. Find firms currently registered with the PCAOB by name, location or audit report activity. This information is reported by the firms in their most recent annual reports to the PCAOB. View the Firm Summary page to see a firm’s registration, annual and special report filings, inspection reports, or disciplinary actions.

AUDITORSEARCH

As of December 31, 2019, 1,433,793 unique searches (excluding PCAOB IP addresses) had been performed on AuditorSearch. The entire data set was downloaded 16,079 times. Download the number of searches and users

by date.

ACCOUNTING SUPPORT FEE The total accounting support fee is equitably allocated between issuers (the issuer accounting support fee) and broker-dealers (the broker-dealer accounting support fee). Generally, equity issuers with an average, monthly U.S. equity market capitalization greater than $75 million during the preceding calendar year, and investment companies

with

AS 4105: REVIEWS OF INTERIM FINANCIAL INFORMATION AS 1301: COMMUNICATIONS WITH AUDIT COMMITTEES LOGIN - WELCOME TO THE RASR APPLICATION This network and its resources are the property of the Public Company Accounting Oversight Board. Usage may be monitored. AS 6101: LETTERS FOR UNDERWRITERS AND CERTAIN OTHER Introduction. .01 This section provides guidance to accountants for performing and reporting on the results of engagements to issue letters for underwriters and certain other requesting parties described in and meeting the requirements of paragraph .03, .04, or .05 (commonly referred to as "comfort letters") in connection with

financial

AS 4105: REVIEWS OF INTERIM FINANCIAL INFORMATION Footnotes (AS 4105 - Reviews of Interim Financial Information): 1A See AS 1005, Independence, AS 1010, Training and Proficiency of the Independent Auditor, and AS 1015, Due Professional Care in the Performance of Work.. 1 The Securities and Exchange Commission (SEC) requirement is set forth in Rule 10-01(d) of Regulation S-X for Form 10-Q and item 310(b) of Regulation S-B for Form 10-QSB. AS 2310: THE CONFIRMATION PROCESS Footnotes (AS 2310 - The Confirmation Process): 1 Bill and hold sales are sales of merchandise that are billed to customers before delivery and are held by the entity for the customers.. 2 AS 2410, Related Parties, establishes requirements regarding the auditor's evaluation of relationships and transactions between the company and its related parties.. 3 The need to maintain control does not FIRM INSPECTION REPORTS Firm Inspection Reports. The Sarbanes-Oxley Act authorizes the PCAOB to inspect registered firms for the purpose of assessing compliance with certain laws, rules, and professional standards in connection with a firm's audit work for public companies, other issuers, and broker-dealer clients. Registered firms that issue 100 or fewer audit AS 2710: OTHER INFORMATION IN DOCUMENTS CONTAINING AUDITED Footnotes (AS 2710 - Other Information in Documents Containing Audited Financial Statements): 1 Mere reading of other information is an inadequate basis for expressing an opinion on that information.. 2 In fulfilling his responsibility under this section, a principal auditor may also request the other auditor or auditors involved in the engagement to read the other information. AS 1301: COMMUNICATIONS WITH AUDIT COMMITTEES Footnotes (AS 1301 - Communications with Audit Committees): 1 Terms defined in Appendix A, Definitions, are set in boldface type the first time they appear.. 2 For purposes of this standard, an audit is either an audit of internal control over financial reporting that is integrated with an audit of financial statements or an audit of financial statements only. PCAOB ACCOUNTING SUPPORT FEE PAYMENT SYSTEM PCAOB and FASB Accounting Support Fee Payment System. Section 109 of the Sarbanes-Oxley Act, as amended by the Dodd-Frank Act, requires the PCAOB and FASB to allocate portions of the accounting support fees among issuers as well as brokers and dealers for the PCAOB accounting support fee only. To pay your accounting support fee invoice, click AS 2301: THE AUDITOR'S RESPONSES TO THE RISKS OF MATERIAL Footnotes (AS 2301 - The Auditor's Responses to the Risks of Material Misstatement): 1 See also paragraph .06 of AS 1015, Due Professional Care in the Performance of Work.. 2 For integrated audits, paragraphs .61 and .B13 of AS 2201, An Audit of Internal Control Over Financial Reporting That Is Integrated with An Audit of Financial Statements, establish requirements for introducing

AU SECTION 9336

Interpretation—Section 336, Using the Work of a Specialist, paragraph .06, states that “during the auditan auditor may encounter complex or subjective matters potentially material to the financial statements.Such matters may require special skill or knowledge and in the auditor’s judgment require using the work of a specialist to obtain appropriate evidential matter.” AS 2201: AN AUDIT OF INTERNAL CONTROL OVER FINANCIAL Appendix A - Definitions.A1 For purposes of this standard, the terms listed below are defined as follows -.A2 A control objective provides a specific target against which to evaluate the effectiveness of controls. A control objective for internal control over financial reporting generally relates to a relevant assertion and states a criterion for evaluating whether the company's control AS 2501: AUDITING ACCOUNTING ESTIMATES, INCLUDING FAIR Footnotes (Appendix A of AS 2501 - Auditing Accounting Estimates, Including Fair Value Measurements): 1 If the third party is a service organization that is part of the company's information system over financial reporting, AS 2601, Consideration of an Entity's Use of a Service Organization, describes the auditor's responsibilities for obtaining an understanding of controls at the service PCAOB | DRIVING CONTINUOUS IMPROVEMENT IN AUDIT QUALITYSTANDARDSINSPECTIONSINTERNATIONALCAREERSABOUT THE

PCAOBAUDITORSEARCH

The PCAOB is a nonprofit corporation established by Congress to oversee the audits of public companies in order to protect investors and further the public interest in the preparation of informative, accurate, and independent audit reports. The PCAOB also oversees the audits of brokers and dealers, including compliance reports filed pursuant to federal securities laws. PCAOB PROPOSES RULE TO CREATE FRAMEWORK FOR HFCAA The Public Company Accounting Oversight Board (PCAOB) today issued for public comment a proposed rule related to the PCAOB’s responsibilities under the Holding Foreign Companies Accountable Act (HFCAA). The Board requests public comment on the proposal by July 12, 2021. “Cooperation between the PCAOB and our international counterparts is vital to facilitating meaningful RESEARCH AND STANDARD-SETTING PROJECTS PCAOB staff identifies current or emerging audit issues, develops a research agenda, and works on standard-setting projects. Learn more about our standard-setting process.

REGISTERED FIRMS

Registered Firms. Find firms currently registered with the PCAOB by name, location or audit report activity. This information is reported by the firms in their most recent annual reports to the PCAOB. View the Firm Summary page to see a firm’s registration, annual and special report filings, inspection reports, or disciplinary actions.

AUDITORSEARCH

As of December 31, 2019, 1,433,793 unique searches (excluding PCAOB IP addresses) had been performed on AuditorSearch. The entire data set was downloaded 16,079 times. Download the number of searches and users

by date.

ACCOUNTING SUPPORT FEE The total accounting support fee is equitably allocated between issuers (the issuer accounting support fee) and broker-dealers (the broker-dealer accounting support fee). Generally, equity issuers with an average, monthly U.S. equity market capitalization greater than $75 million during the preceding calendar year, and investment companies

with

AS 4105: REVIEWS OF INTERIM FINANCIAL INFORMATION AS 1301: COMMUNICATIONS WITH AUDIT COMMITTEES LOGIN - WELCOME TO THE RASR APPLICATION This network and its resources are the property of the Public Company Accounting Oversight Board. Usage may be monitored. AS 6101: LETTERS FOR UNDERWRITERS AND CERTAIN OTHER Introduction. .01 This section provides guidance to accountants for performing and reporting on the results of engagements to issue letters for underwriters and certain other requesting parties described in and meeting the requirements of paragraph .03, .04, or .05 (commonly referred to as "comfort letters") in connection with

financial

PCAOB | DRIVING CONTINUOUS IMPROVEMENT IN AUDIT QUALITYSTANDARDSINSPECTIONSINTERNATIONALCAREERSABOUT THE

PCAOBAUDITORSEARCH

The PCAOB is a nonprofit corporation established by Congress to oversee the audits of public companies in order to protect investors and further the public interest in the preparation of informative, accurate, and independent audit reports. The PCAOB also oversees the audits of brokers and dealers, including compliance reports filed pursuant to federal securities laws. PCAOB PROPOSES RULE TO CREATE FRAMEWORK FOR HFCAA The Public Company Accounting Oversight Board (PCAOB) today issued for public comment a proposed rule related to the PCAOB’s responsibilities under the Holding Foreign Companies Accountable Act (HFCAA). The Board requests public comment on the proposal by July 12, 2021. “Cooperation between the PCAOB and our international counterparts is vital to facilitating meaningful RESEARCH AND STANDARD-SETTING PROJECTS PCAOB staff identifies current or emerging audit issues, develops a research agenda, and works on standard-setting projects. Learn more about our standard-setting process.

REGISTERED FIRMS

Registered Firms. Find firms currently registered with the PCAOB by name, location or audit report activity. This information is reported by the firms in their most recent annual reports to the PCAOB. View the Firm Summary page to see a firm’s registration, annual and special report filings, inspection reports, or disciplinary actions.

AUDITORSEARCH

As of December 31, 2019, 1,433,793 unique searches (excluding PCAOB IP addresses) had been performed on AuditorSearch. The entire data set was downloaded 16,079 times. Download the number of searches and users

by date.

ACCOUNTING SUPPORT FEE The total accounting support fee is equitably allocated between issuers (the issuer accounting support fee) and broker-dealers (the broker-dealer accounting support fee). Generally, equity issuers with an average, monthly U.S. equity market capitalization greater than $75 million during the preceding calendar year, and investment companies

with

AS 4105: REVIEWS OF INTERIM FINANCIAL INFORMATION AS 1301: COMMUNICATIONS WITH AUDIT COMMITTEES LOGIN - WELCOME TO THE RASR APPLICATION This network and its resources are the property of the Public Company Accounting Oversight Board. Usage may be monitored. AS 6101: LETTERS FOR UNDERWRITERS AND CERTAIN OTHER Introduction. .01 This section provides guidance to accountants for performing and reporting on the results of engagements to issue letters for underwriters and certain other requesting parties described in and meeting the requirements of paragraph .03, .04, or .05 (commonly referred to as "comfort letters") in connection with

financial

AS 4105: REVIEWS OF INTERIM FINANCIAL INFORMATION Footnotes (AS 4105 - Reviews of Interim Financial Information): 1A See AS 1005, Independence, AS 1010, Training and Proficiency of the Independent Auditor, and AS 1015, Due Professional Care in the Performance of Work.. 1 The Securities and Exchange Commission (SEC) requirement is set forth in Rule 10-01(d) of Regulation S-X for Form 10-Q and item 310(b) of Regulation S-B for Form 10-QSB. AS 2310: THE CONFIRMATION PROCESS Footnotes (AS 2310 - The Confirmation Process): 1 Bill and hold sales are sales of merchandise that are billed to customers before delivery and are held by the entity for the customers.. 2 AS 2410, Related Parties, establishes requirements regarding the auditor's evaluation of relationships and transactions between the company and its related parties.. 3 The need to maintain control does not FIRM INSPECTION REPORTS Firm Inspection Reports. The Sarbanes-Oxley Act authorizes the PCAOB to inspect registered firms for the purpose of assessing compliance with certain laws, rules, and professional standards in connection with a firm's audit work for public companies, other issuers, and broker-dealer clients. Registered firms that issue 100 or fewer audit AS 2710: OTHER INFORMATION IN DOCUMENTS CONTAINING AUDITED Footnotes (AS 2710 - Other Information in Documents Containing Audited Financial Statements): 1 Mere reading of other information is an inadequate basis for expressing an opinion on that information.. 2 In fulfilling his responsibility under this section, a principal auditor may also request the other auditor or auditors involved in the engagement to read the other information. AS 1301: COMMUNICATIONS WITH AUDIT COMMITTEES Footnotes (AS 1301 - Communications with Audit Committees): 1 Terms defined in Appendix A, Definitions, are set in boldface type the first time they appear.. 2 For purposes of this standard, an audit is either an audit of internal control over financial reporting that is integrated with an audit of financial statements or an audit of financial statements only. PCAOB ACCOUNTING SUPPORT FEE PAYMENT SYSTEM PCAOB and FASB Accounting Support Fee Payment System. Section 109 of the Sarbanes-Oxley Act, as amended by the Dodd-Frank Act, requires the PCAOB and FASB to allocate portions of the accounting support fees among issuers as well as brokers and dealers for the PCAOB accounting support fee only. To pay your accounting support fee invoice, click AS 2301: THE AUDITOR'S RESPONSES TO THE RISKS OF MATERIAL Footnotes (AS 2301 - The Auditor's Responses to the Risks of Material Misstatement): 1 See also paragraph .06 of AS 1015, Due Professional Care in the Performance of Work.. 2 For integrated audits, paragraphs .61 and .B13 of AS 2201, An Audit of Internal Control Over Financial Reporting That Is Integrated with An Audit of Financial Statements, establish requirements for introducing

AU SECTION 9336

Interpretation—Section 336, Using the Work of a Specialist, paragraph .06, states that “during the auditan auditor may encounter complex or subjective matters potentially material to the financial statements.Such matters may require special skill or knowledge and in the auditor’s judgment require using the work of a specialist to obtain appropriate evidential matter.” AS 2201: AN AUDIT OF INTERNAL CONTROL OVER FINANCIAL Appendix A - Definitions.A1 For purposes of this standard, the terms listed below are defined as follows -.A2 A control objective provides a specific target against which to evaluate the effectiveness of controls. A control objective for internal control over financial reporting generally relates to a relevant assertion and states a criterion for evaluating whether the company's control AS 2501: AUDITING ACCOUNTING ESTIMATES, INCLUDING FAIR Footnotes (Appendix A of AS 2501 - Auditing Accounting Estimates, Including Fair Value Measurements): 1 If the third party is a service organization that is part of the company's information system over financial reporting, AS 2601, Consideration of an Entity's Use of a Service Organization, describes the auditor's responsibilities for obtaining an understanding of controls at the service

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* Standards

STANDARDS

The PCAOB establishes auditing and related professional practice standards for registered public accounting firms to follow in the preparation and issuance of audit reports.

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* Archived Standards and Guidance * Registration & Reporting REGISTRATION AND REPORTING Firms registered with the PCAOB range in size from sole proprietorships to large firms that are members of extensive global networks, made up of separately registered firms in multiple

jurisdictions.

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Inspections assess registered firm compliance with applicable laws, rules and professional standards in the firms' systems of quality control and in the portions of audits selected for inspection.

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The PCAOB uses its investigative authority to address serious audit deficiencies and uses its disciplinary authority to impose sanctions and penalties for those deficiencies.

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INTERNATIONAL

Non-U.S. public accounting firms that audit or play a substantial role in the audit of U.S. issuers, brokers and dealers are subject to oversight by the PCAOB.

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INTERNATIONAL COOPERATION * Cooperative Arrangements with Non-U.S. Regulators * PCAOB International Institute on Audit Regulation * IFIAR and Other International Organizations​

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Page Content

RESOURCES FOR IMPLEMENTING CAM REQUIREMENTS The PCAOB is committed to providing proactive, timely, and useful information on CAMs. The Board and staff are utilizing a variety of avenues to provide resources and training to auditors and other

stakeholders.

View staff guidance, webinars, and other resources _Learn More About the 2018-2022 Strategic Plan _Find out who leads and participates in public company audits. _Explore AuditorSearch _Find out who leads and participates in public company audits. _FEATURED VIDEOS ON CAMS_ In May 2019, Erin Dwyer joined the PCAOB as a direct point of contact for and liaison to investors, audit committees, and preparers. Erin shares some additional information about her role and these CAMs-related resources in this short video. Chief Auditor and Director of Professional Standards Megan Zietsman describes some of the latest resources available on CAMs ahead of the

effective dates.

RECENT ACTIVITIES

* 207 Students Named PCAOB Scholars for the 2019-2020 Academic Year

(August 1)

* Chief Administrative Officer Suzanne Kinzer to Leave the PCAOB

(July

25)

* PCAOB Posts CAM Resources for Investors

(July 11)

* PCAOB Posts CAM Resources for Audit Committees

(July 11)

* PCAOB Announces 2019 Forums on Auditing in the Small Business Environment and on Auditing Broker-Dealers

(July

2)

* PCAOB Posts Estimates Implementation Pages

(July

2)

* PCAOB Posts Specialists Implementation Pages

(July

2)

* Dr. Nayantara Hensel named PCAOB Chief Economist, Director of Economic and Risk Analysis

(June

17)

* PCAOB Announces New Liaison for Investors, Audit Committees, and

Preparers

(May

28)

View all recent activities. RECENT SPEECHES AND STATEMENTS * Cybersecurity: Where We Are; What More Can be Done?

,

by Board Member Kathleen M. Hamm (May 2) * Statement to U.S. Securities and Exchange Commission on the PCAOB 2018-2022 Strategic Plan and 2019 Budget

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by Chairman William D. Duhnke (Dec. 19) View all speeches & statements.

UPCOMING EVENTS

* SEPTEMBER 25 - 26: Small Business and Broker-Dealer Auditor

Forum, Chicago

* OCTOBER 2 - 3: Small Business and Broker-Dealer Auditor Forum,

Jersey City

View all events.

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