A new proposal from the PCAOB seeks to enhance the lead auditor’s role in planning and executing a public company audit that involves other auditors.
For years, the PCAOB has sought stronger requirements for audits involving accounting firms and individual auditors outside the firm.
The additional supplementary request for comment intends to address the challenges posed when the lead auditor issues the auditor’s report but other auditors assist with obtaining relevant audit evidence.
The PCAOB will accept emailed comments at comments@pcaobus.org.