CAQ Public Policy and Technical Alert, May 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.

• SEC approves PCAOB standard on engagement partner disclosure
• PCAOB re-proposes standard to enhance the auditor’s report
• Highlights from the PCAOB’s May SAG meeting
• SEC updates C&DIs
• FASB releases new, proposed ASUs
• IAASB compares IASs, PCAOB re-proposal on auditor’s reports
• IOSCO issues report on audit committee oversight of auditors
• House bills would amend SOX Section 404
• CAQ provides views on enhancing skepticism to IAASB
• CAQ issues new ‘Profession in Focus’ videos
• Upcoming Events