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These metrics—which the PCAOB said will even further oversight actions and may be used by investors, audit committees, and also other stakeholders—would deal with 8 spots, including involvement of a lover and supervisor on an audit, auditor workload, and auditor knowledge.
“The unintended outcomes from this proposal could include things like exit of smaller firms from the industry, reallocation of firm and engagement team effort away from audit quality-maximizing things to do, and confusion among the traders regarding interpretation of several of the metrics,” he wrote.
The Public Business Accounting Oversight Board on Feb. 11 submitted a notice With all the SEC to withdraw its new typical on audit firm reporting of standardized firm and engagement metrics for acceptance—a victory for people who opposed The principles, which include most of the most important accounting firms while in the U.S. and the AICPA.
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