Critical audit matters are upon us, and the early results are in! CAMs expand the independent auditors’ report to disclose audit-specific information that relates to accounts or disclosures that are ...

Auditors soon will be able to communicate “critical audit matters” in addition to the pass/fail opinion on financial statements. Critical audit matters are the backbone of PCAOB Auditing Standard 3101 ...

While there is some correlation between critical audit matters and critical accounting estimates included in management’s discussion and analysis, it is certainly not a one-to-one relationship, SEC ...