CAQ Public Policy and Technical Alert, July 2016

Each month, the CAQ Public Policy and Technical Alert highlights and examines regulatory, standard-setting, legislative, and broader financial reporting developments impacting the public company audit profession. Please note that this alert is intended as general information and should not be relied upon as being definitive or all-inclusive. The CAQ encourages member firms to refer to the rules, standards, guidance, and other resources in their entirety.

In this issue:

• PCAOB staff inspection briefs detail scope and objectives of 2016 inspections
• PCAOB inspection rule amendments approved by the SEC
• PCAOB updates standard-setting agenda
• SEC proposes amendments to update and simplify disclosure requirements
• CorpFin updates C&DIs
• IESBA issues new ethics standard for accountants
• IAASB issues public survey to inform 2017-18 work plan
• CAQ comments on post-implementation review of auditing standards
• CAQ comments on business and financial disclosure required by Regulation S-K
• CAQ comments on supervision of audits involving other auditors
• Highlights of May 2016 IPTF meeting now available
• CAQ issues new ‘Profession in Focus’ videos
• Upcoming Events