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PCAOB requests comments on impact of auditing requirements related to estimates and specialists

Written on Apr 18, 2022

The PCAOB has issued a Request for Comment on the initial impact of new requirements for auditing accounting estimates and using the work of specialists. The Request for Comment is a key part of the PCAOB’s interim analysis of these requirements. The PCAOB will evaluate comments received, along with other evidence obtained from the analysis, and consider whether additional guidance or other steps may be appropriate. 

The PCAOB encourages commenters to provide data, evidence, and/or specific examples in support of their comments. 

All comments should refer to Interim Analysis No. 2022-001, Estimates and Specialists Audit Requirements, on the subject or reference line and should be submitted to comments@pcaobus.org no later than June 10, 2022. Comments will be posted to the PCAOB website. 

Additional information on the PCAOB’s interim analysis and specific questions for consideration are detailed in the Request for Comment document. More information about the PCAOB’s post-implementation review program is also available on the PCAOB website