CAQ Report Re Discussions With Audit Committees Re Audit Quality Indicators; Auditor Assessment Tool; Tate’s Excellent Audit Committee Guide

The Center for Audit Quality (CAQ) has published a new report summarizing it’s discussions with audit committees about key audit quality indicators. Here is a link to the announcement which also contains a link to the report: CLICK HERE

And here is a snapshot of a relevant part of the announcement (you can also see the entire wording by clicking the above link):

CAQ discussions with AC about audit quality indicators

Keep in mind, however, that the PCAOB also is working on these issues, i.e., key indicators for audit committee or board evaluations of the external auditor, and audit committees already are required by law to oversee the hiring and performance of the external auditor. In my opinion if the PCAOB does issue new rules or materials on these issues, those new rules or materials will generate more audit committee and board oversight or activity than the CAQ materials. Nevertheless, the CAQ materials and discussions are helpful. Thus, here is a link to materials that the CAQ has already issued to help audit committees evaluate the external auditor: The CAQ Auditor Assessment Tool

And here is a link to Tate’s Excellent Audit Committee Guide (updated January 3, 2016), click on the following link, http://wp.me/p75iWX-q

Enjoy.
Dave Tate, Esq. and CPA licensed in California (inactive), San Francisco/California

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Tate’s Excellent Audit Committee Guide – updated 1/3/2016 – 183 pages – read, use it, and pass it along

Hello all. Tate’s Excellent Audit Committee Guide is updated – click on the following link for the pdf of the January 3, 2016, updated Tate’s Excellent Audit Committee Guide. Please read and use it, and pass it along to other people who would be interested,

Click to access tates-excellent-audit-committee-guide-01032016-with-appendix-a-final.pdf

Going forward, I have also made this blog, http://auditcommitteeupdate.com, my blog for audit committee, D&O, civil litigation, risk, compliance, business, etc. posts. My prior blog, http://directorofficernews.com, still exists, so you can still access that blog or the numerous past posts.

Dave Tate, Esq., and CPA in California (inactive), San Francisco and throughout California. My other blog for trust, estate, conservatorship and elder abuse litigation is http://californiaestatetrust.com

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