PCAOB Guidance on CAMs

https://pcaobus.org/Standards/Documents/Implementation-Critical-Audit-Matters-Deeper-Dive-Communication-of-CAMs.pdf The Public Company Accounting Oversight Board staff published new guidance on Critical Audit Matters, or what the auditor found most difficult or challenging when reviewing a company’s books. The U.S. audit regulator adopted rules requiring expanded auditor reports in 2017, with auditors required to start submitting the revamped and expanded reports this year for larger companies for fiscal years ending on or after June 30.