Auditor's reporting model would change significantly under PCAOB proposal

08/13/2013 | Journal of Accountancy online

U.S. public-company auditor reporting would undergo significant changes under a proposal on which the Public Company Accounting Oversight Board voted Aug. 13 to expose for public comment. The proposal would require auditors to identify and describe "critical audit matters" in reports that would move beyond the pass/fail model. Learn more about changes to the auditor's report model in the Financial Reporting Center.

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