PCAOB Requests Comment on Impact of Auditing Requirements Related to Estimates and Specialists

Comments Due June 10, 2022

Washington, Apr. 12, 2022

The Public Company Accounting Oversight Board (PCAOB) today issued a Request for Comment on the initial impact of new requirements for auditing accounting estimates and using the work of specialists. The Request for Comment is a key part of the PCAOB’s interim analysis of these requirements. The PCAOB will evaluate comments received, along with other evidence obtained from the analysis, and consider whether additional guidance or other steps may be appropriate.

“The PCAOB is committed to performing robust economic analyses of the overall effect of new auditing requirements, including performing post-implementation reviews,” said PCAOB Chair Erica Y. Williams. “We welcome input from investors, audit committees, preparers, academics, audit firms, and others who use financial statements.”

 Comments can be submitted through the following methods:

  • By email to [email protected];
  • By postal mail to the Office of the Secretary, PCAOB, 1666 K Street, NW, Washington, DC 20006-2803.

All comments should refer to Interim Analysis No. 2022-001, Estimates and Specialists Audit Requirements, on the subject or reference line and should be submitted no later than June 10, 2022. Please note that comments will be posted to the PCAOB website.

Additional information on our interim analysis and specific questions for consideration are detailed in the Request for Comment document. We encourage commenters to provide data, evidence, and/or specific examples in support of their comments. More information about the PCAOB’s post-implementation review program is also available on the PCAOB website.


About the PCAOB

The PCAOB is a nonprofit corporation established by Congress to oversee the audits of public companies in order to protect investors and further the public interest in the preparation of informative, accurate, and independent audit reports. The PCAOB also oversees the audits of brokers and dealers, including compliance reports filed pursuant to federal securities laws.


PCAOB Office of Communications and Engagement
[email protected]