Comment Letters Post-Implementation Review of AS 2501, Auditing Accounting Estimates, Including Fair Value Measurements; Amendments to Auditing Standards for Auditor’s Use of the Work of Specialists

Status: The comment period is closed.

The staff of the PCAOB’s Office of Economic and Risk Analysis is conducting economic analysis to assess the initial implementation of new requirements for auditing accounting estimates and using the work of specialists as audit evidence. To inform the analysis, the staff is analyzing relevant data, conducting surveys, and interviewing stakeholders. The staff has also issued a public request for comment to collect information on initial experiences with the new requirements. 

View the public request for comment.

Comments

Comment Letters
No. Author Company Date
Comment Letter Number: 1 (PDF) Author Brenda Davis Date Apr. 13, 2022
Comment Letter Number: 2 (PDF) Author Company

RSM US LLP

Date Jun. 1, 2022
Comment Letter Number: 3 (PDF) Author Company

Harvest Investments, Ltd.

Date Jun. 7, 2022
Comment Letter Number: 4 (PDF) Author Rudolf Bless, Chair, Committee on Corporate Reporting Company

Financial Executives International

Date Jun. 9, 2022
Comment Letter Number: 5 (PDF) Author Company

Deloitte & Touche LLP

Date Jun. 9, 2022
Comment Letter Number: 6 (PDF) Author Company

KPMG LLP

Date Jun. 9, 2022
Comment Letter Number: 7 (PDF) Author Company

Crowe LLP

Date Jun. 10, 2022
Comment Letter Number: 8 (PDF) Author Vanessa Teitelbaum, CPA, Senior Director, Professional Practice Company

Center for Audit Quality

Date Jun. 10, 2022
Comment Letter Number: 9 (PDF) Author Company

Ernst & Young LLP

Date Jun. 10, 2022
Comment Letter Number: 10 (PDF) Author Company

Grant Thornton LLP

Date Jun. 10, 2022
Comment Letter Number: 11 (PDF) Author Company

BDO USA, LLP

Date Jun. 10, 2022
Comment Letter Number: 12 (PDF) Author Company

PricewaterhouseCoopers LLP

Date Jun. 10, 2022
Comment Letter Number: 13 (PDF) Author Steven Rothstein, Managing Director, Ceres Accelerator for Sustainable Capital Markets; Robert Schuwerk, Executive Director, Carbon Tracker Initiative, North America Company

Ceres Accelerator for Sustainable Capital Markets; Carbon Tracker Initiative, North America

Date Jun. 21, 2022