The Public Company Accounting Oversight Board has issued a formal policy statement in an effort to get more cooperation from public accounting firms in assisting with the PCAOB’s investigations of their audits, offering extra credit for cooperating with PCAOB investigations and self-reporting violations.

The policy statement describes what the PCAOB may consider to be “extraordinary cooperation” and how credit might be reflected for such cooperation. The policy is generally consistent with the board’s existing practices, but spells out details.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access