PCAOB auditing standards require the auditor to communicate key audit matters or critical audit matters in the standard unqualified audit report.

Question

Quizplus · Accepted Answer

PCAOB auditing standards do require the auditor to communicate key audit matters or critical audit matters in the standard unqualified audit report. This requirement is in place to enhance transparency and provide investors and other financial statement users with more insight into the audit process and the areas where the auditor placed the most focus during the audit.

PCAOB Auditing Standards Require the Auditor to Communicate Key Audit