Consultation response

1 August 2016

Comment letter to PCAOB’s proposal to strengthen requirements for auditor supervision of other auditors

 

We responded to the proposal by the US Public Company Accounting Oversight Board (PCAOB) to strengthen existing requirements and impose a more uniform approach to a lead auditor’s supervision of other auditors.

We would find it more helpful if the revised PCAOB standards would be compatible with the IAASB standards which should inspire the PCAOB to identify a approach for auditors to supervise other auditors which is workable in the current audit environment. We also encourage governments and regulators to continue the dialogue to overcome the long-term structural barriers to global supervision and make sure that the lead auditor is sufficiently involved in the audit and that other auditors perform their work as expected.

 

 

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