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PCAOB issues internal control standards ED.

PCAOB Issues Internal Control Standards ED

At a public board meeting on October. 7, PCAOB approved for Exposure Draft (ED) a proposed standard, An Audit of Internal Control Over Financial Reporting Performed in Conjunction with an Audit of Financial Statements. (Read the complete document at

If adopted, the proposed standard would be the standard on attestation engagements in compliance with Section 404(b), as well as Section 103(a)(2)(A) of the Sarbanes-Oxley Act of 2002.

The ED will be posted for a 45-day comment period that ends November 21. The PCAOB is seeking comments from interested parties on 31 questions related to the proposed standard; comments should be sent in writing to the board.

FEI's Web site continually updates and analyzes aspects of the provisions. See the headlines section of and also
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Title Annotation:financial Reporting
Author:Heffes, Ellen M.
Publication:Financial Executive
Article Type:Brief Article
Geographic Code:1USA
Date:Nov 1, 2003
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