News & Insights

Auditor Liability Bulletin

May 10, 2024

PCAOB to Consider Proposed Auditing Standards on General Responsibilities and Quality Control

On May 8, 2024, the PCAOB announced it will hold an open meeting on May 13, 2024, at 10:00 a.m. EST, in which the Board will consider adopting a new auditing standard, AS 1000, General Responsibilities of the Auditor in Conducting an Audit, as well as a new quality control standard, QC 1000, A Firm’s System of Quality Control, along with other amendments to PCAOB standards, rules, and forms.
The public may join the meeting in watch-only or listen-only modes. Access information is available here. Information about the proposed new auditing standard can be found here.