April 4, 2022
The PCAOB’s Conversations with Audit Committee Chairs
The PCAOB recently released its report titled 2021 Conversations with Audit Committee Chairs, which shares observations derived from conversation with 240 audit committee chairs of U.S. public companies during 2021 PCAOB inspections. This is the third year that the PCAOB has published the report, which covers a wide range of topics that were on the minds of the participating audit committee chairs.
Hot topics for audit committee chairs that are addressed in the report include the use of technology in auditing, ESG, COVID-19, discussions of risks, communications with auditors, auditor strengths and areas for improvement, PCAOB inspection reports and information outside of the financial statements.
– Dave Lynn