The Public Company Accounting Oversight Board has added a page to its Web site to provide information to audit firms where quality control problems have been found.
The document aims to provide information to firms that receive a final inspection report that includes any criticism of the firm's system of quality control. Any such criticism is nonpublic when the report is issued, but it will remain nonpublic only if the firm addresses the criticism to the board's satisfaction no later than 12 months from the date of the report, the PCAOB noted.
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