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.
RSM US LLP
Harvest Investments, Ltd.
Financial Executives International
Deloitte & Touche LLP
KPMG LLP
Crowe LLP
Center for Audit Quality
Ernst & Young LLP
Grant Thornton LLP
BDO USA, LLP
PricewaterhouseCoopers LLP
Ceres Accelerator for Sustainable Capital Markets; Carbon Tracker Initiative, North America
University of Louisville; DePaul University