A new “Audit Focus” guidance series from the PCAOB aims to support auditors, especially those working with smaller public companies, by providing targeted insights on handling critical audit matters (CAMs).
The new series aims to improve audit quality and enhance investor protection, addressing identified deficiencies in auditors' approaches to determining, communicating, and documenting CAMs.
The guidance outlines relevant auditing standards and shares best practices, offering reminders and practical tips to aid auditors in effectively navigating CAM requirements. Learn more.