SEC Approves PCAOB Auditing Standard No. 16, Communications with Audit Committees

The Public Company Accounting Oversight Board (“PCAOB”) adopted , Communications with Audit Committees, which supersedes the interim standards of AU sec. 380, Communication with Audit Committees, and AU sec. 310, Appointment of the Independent Auditor.  Auditing Standard No. 16 is intended to improve audits by enhancing the relevance, timeliness and quality of communications between auditors […]