Current and Recent Standard-Setting Activities

The following tables present current and recent standard-setting activities. Project overviews for active projects as of September 30, 2016, can be found on the standard-setting agenda.

Open for Public Comment

Project Reference Comments Due
There are no standard-related projects open for public comment

Comment Period Closed

Project Reference
Proposed Auditing Standards on the Auditor's Report and the Auditor's Responsibility Regarding Other Information and Related Amendments Docket No. 34 
Proposed Amendments Relating to the Supervision of Audits Involving Other Auditors and Proposed Auditing Standard—Dividing Responsibility for the Audit with Another Accounting Firm Docket No. 42
The Auditor's Use of the Work of Specialists SCP-2015-01 
Auditing Accounting Estimates, Including Fair Value Measurements and Related Disclosures SCP
Proposed Auditing Standard Related to Confirmation and Related Amendments to PCAOB Standards
Docket No. 28

Standards Adopted Within the Last Three Years

Title Docket No. Date Adopted by PCAOB/ Approved by SEC Effective Date
Improving Transparency Through Disclosure of Engagement Partner and Certain Other Participants in Audits
No. 29

Dec. 15, 2015/
May 9, 2016

Effective for audit reports issued on or after: 

  • Engagement partner: Jan. 31, 2017
  • Other accounting firms: June 30, 2017
Reorganization of PCAOB Auditing Standards and Related Amendments to PCAOB Auditing Standards and Rules  No. 40

Mar. 31, 2015/
Sept. 17, 2015

Dec. 31, 2016. Auditors may begin to use and reference the reorganized PCAOB auditing standards prior to Dec. 31, 2016.
Auditing Standard No. 18: Related Parties  No. 38 June 10, 2014/
Oct. 21, 2014

For audits of fiscal years beginning on or after Dec. 15, 2014

Guidance Issued Within the Last Three Years

Title Reference Date Issued
Staff Guidance – Form AP, Auditor Reporting of Certain Audit Participants and Related Voluntary Audit Report Disclosure Under AS 3101, Reports on Audited Financial Statements  N/A  June 28, 2016 
Improper Alteration of Audit Documentation SAPA No. 14  Apr. 21, 2016 
Matters Related to the Auditor's Consideration of a Company's Ability to Continue as a Going Concern
SAPA No. 13 Sept. 22, 2014
Matters Related to Auditing Revenue in an Audit of Financial Statements
SAPA No. 12 Sept. 9, 2014
Staff Guidance for Auditors of SEC-Registered Brokers and Dealers  N/A June 26, 2014
Considerations for Audits of Internal Control over Financial Reporting SAPA No. 11 Oct. 24, 2013