NOCLAR Audit Committee Sign-on Letter
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. PCAOB Board Members Duane DesParte and Christina Ho do not support this proposal. Not surprisingly, we are hearing that audit committee members are very...
July 24th, 2023
Audit Committee, Audit Quality