Monday, April 07, 2008

PCAOB Addresses Emerging Audit Issues In 2008 Forums on Auditing in the Small Business Environment

The Public Company Accounting Oversight Board today announced the 2008 series of its Forums on Auditing in the Small Business Environment. These forums are designed to help share important information with registered public accounting firms and public companies operating in the small business community.

The 2008 agenda will include a discussion of practical quality control policies and procedures, and evolving accounting and auditing issues. The discussions also will address the application of certain auditing standards and observations from the Board’s disciplinary orders. In addition, the 2008 agenda will include a discussion of the implementation of Auditing Standard No. 5, An Audit of Internal Control Over Financial Reporting That Is Integrated with An Audit of Financial Statements.

“Small Business Forums have been an effective way to share timely information about the PCAOB’s oversight programs with small firms,” said Mark W. Olson, PCAOB Chairman. “In addition, the forums provide an opportunity for small firms and issuers to discuss issues facing the small business community with us and each other in an informal setting.”

PCAOB Addresses Emerging Audit Issues In 2008 Forums on Auditing in the Small Business Environment

Labels: as5, forums, pcaob, small business

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