The Center for Audit Quality
Enhancing public trust in the capital markets by promoting high-quality financial reporting.
In June 2023, the PCAOB requested comment on a proposed new auditing standard, AS 2405, A Company’s Noncompliance with Laws and Regulations, or “NOCLAR” for short. The proposal, which would apply to every audit conducted in accordance with PCAOB standards, would significantly change the role of the auditor. The CAQ has developed a comment letter outlining concerns. Learn more about the proposal and add you name to the sign-on letter.
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