Insight
On June 1, the Public Company Accounting Oversight Board adopted a new audit report standard that will require, among other things, a discussion of “critical audit matters” and disclosure of the auditor’s tenure.
Subject to SEC approval, the new standard will be phased in over time, beginning with format changes and tenure disclosure for fiscal years ending on and after December 15, 2017; “CAMs” disclosure will be phased in for fiscal years beginning on and after June 30, 2019.
Watch for more details in The Securities Edge.
If you have any questions, please contact Gunster attorneys David Scileppi or Bob Lamm.
