PCAOB Issues Proposed Auditing Standard Regarding Related Parties
The Public Company Accounting Oversight Board ("PCAOB") recently issued for public comment a proposed auditing standard, Related Parties ("the Proposed Standard"), which aims to improve the auditor's evaluation of a public company's identification of, accounting for and disclosure about its relationships and transactions with related parties. The Proposed Standard would supersede interim standard AU sec. 334, Related Parties (the "Interim Standard").
CGR Memo - PCAOB Issues Proposed Auditing Standard Regarding Related Parties.pdf (pdf | 149.37 KB )