Audits of internal control over financial reporting remain PCAOB focus

10/24/2013 | Journal of Accountancy online

The Public Company Accounting Oversight Board on Thursday issued its second report in 11 months calling attention to audits of internal control over financial reporting. The report discusses application of PCAOB standards to audits of internal control. The PCAOB recommends that audit firms, engagement partners, quality reviewers and audit committees take note.

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