backOn February 26, 2024, the PCAOB announced that it will host a public virtual roundtable on March 6, 2024 at 9:30 AM ET regarding the proposal to amend PCAOB auditing standards that pertain to the auditor’s responsibility for considering a company’s noncompliance with laws and regulations (NOCLAR). The PCAOB has asserted that, if adopted, the proposal would strengthen auditor requirements to identify, evaluate, and communicate possible or actual noncompliance with laws and regulations. The PCAOB reopened the comment period for the proposal on February 26, and the comment period will remain open through March 18, 2024.
The PCAOB’s news release is available here, and the proposal is available here. Information on how to join the virtual roundtable is available here. The comments on the proposal are available here and information on how to submit a public comment is available here.