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The first major auditing standard from the Public Company Accounting Oversight Board (PCAOB) relates to the audit of internal control over financial reporting performed in conjunction with an audit of financial statements. This is the most important and comprehensive set of changes to occur in the field of auditing in many years. These changes are codified in the PCAOB’s Auditing Standard No. 2, An Audit of Internal Control Over Financial Reporting Performed in Conjunction With an Audit of Financial Statements. Guide to the PCAOB Internal Control Standard provides detailed analysis and commentary related to this auditing standard on internal control.
Only RIA helps CEOs, CFOs, boards of directors, financial managers, and internal and external auditors understand what the PCAOB and the SEC require with regard to internal control over financial reporting. This book by A. Wayne Avellanet, MBA, CMA, includes:
¦ Paragraph-by-paragraph analysis of PCAOB Auditing Standard No. 2
o Discussion of the concept of internal control
o Informed analysis of each of the standard’s requirements
o Persons affected by the standard’s requirements
o Actions that must be taken
¦ Complete text of the PCAOB auditing standard and the Sarbanes-Oxley Act
¦ Client letters, interoffice memoranda, and sample auditor reports
¦ Selected PCAOB briefing papers and public comments on internal control audits
¦ SEC rules governing management’s reports on internal control
¦ The full text of the Sarbanes-Oxley Act |