July 1, 2016

PCAOB: Post-Implementation Review No. 2016-01, Engagement Quality Review

In this letter, The CAQ expresses its support for the establishment of the PCAOB’s program under which the staff of the PCAOB Center for Economic Analysis conducts post-implementation reviews of the PCAOB rules and standards. The CAQ believes this will be a valuable addition to the Board’s due process for standard setting, as it could allow the Board to determine if any clarifications, implementation or more general guidance are needed to supplement its standards.