... ( PCAOB 2024 ). This comment letter summarizes the views of the participating members of the Auditing Standards Committee of the Auditing Section of the American Accounting Association. We commend the PCAOB for its efforts to promote audit firm transparency. Our comments include overall observations...

...Colleen M. Boland; Dana R. Hermanson; Julia L. Higgs; Kyleen W. Prewett; Jonathan S. Pyzoha; Amy C. Tegeler SUMMARY In June 2023, the Public Company Accounting Oversight Board (the Board or PCAOB) issued a request for comment on its Amendments to PCAOB Auditing Standards Related to a Company’s...

...Dereck Barr-Pulliam; Colleen M. Boland; Sean A. Dennis; Dana R. Hermanson; John D. Keyser; Jonathan S. Pyzoha; Jason L. Smith SUMMARY On June 12, 2024, the Public Company Accounting Oversight Board (the Board or PCAOB) issued a request for comment on Proposed Auditing Standard...

... Metrics (PCAOB 2024a). This comment letter summarizes the views of the participating members of the Auditing Standards Committee of the Auditing Section of the American Accounting Association. We commend the PCAOB for its efforts to promote audit quality by emphasizing firm and engagement metrics. Based...

... Proposed Auditing Standard—General Responsibilities of the Auditor in Conducting an Audit and Proposed Amendments to PCAOB Standards ( Public Company Accounting Oversight Board (PCAOB) 2023 ). This commentary summarizes the participating committee members’ views on selected questions. The views...

... Auditing Standards Related to a Company’s Noncompliance with Laws and Regulations and Other Related Amendments ( Public Company Accounting Oversight Board (PCAOB) 2023b ). This commentary summarizes the participating committee members’ views on the proposal. Based on our consideration of the issues...

... of Accountancy, Oxford, OH, USA. Editor’s note: Accepted by Editor Nicole S. Wright. 27 08 2023 31 08 2023 12 09 2023 2024 auditing standards PCAOB technology-assisted analysis data analytics We are pleased to provide feedback on the PCAOB’s Proposed...

...” and do not fully agree with the PCAOB’s focus. Westermann, Cohen, and Trompeter (2019) find that auditors acknowledge an increase in audit quality derived from PCAOB inspections, but they also highlight negative effects, including overdocumentation, too much focus on auditing standards and too little...

... applicable framework) ( PCAOB 2013 ). The audit reporting standards for public and private companies were similar until the recent AICPA Clarity Project, at which time the standards for private companies converged with reporting requirements under international auditing standards. While the formats currently...

...W. Robert Knechel SUMMARY Properly understanding the economic role of auditing standards is an important step toward improving both audit effectiveness and efficiency. In this essay, I observe that auditing standards are most important when an auditor may have an incentive to under-audit. While...