Beginning with fiscal years ending on or after June 30, 2019, large accelerated filers will be required to disclose critical audit matters (CAMs) in the auditor's report. The PCAOB adopted this to inform financial statement users about significant matters in the audit and how the matters were addressed. Critical audit matters are intended to provide more meaningful information to all users of the financial statements.
A critical audit matter is defined by the PCAOB as any matter arising from the audit of the financial statements that was communicated or required to be communicated to the audit committee and that:
Disclosures of critical audit matters are required for all other filers to which the requirement applies for fiscal years ending on or after December 15, 2020.
You're Invited! Not-For-Profit CFOShare
Tuesday December 10, 2019
4:00 PM - 6:00 PM
You're Invited! Annual Accounting & Business Conference
Wednesday December 4 2019
Hosted at the MSU Management Education Center in Troy, MI
You're Invited! Construction Update
Thursday November 21, 2019
Detriot Athletic Club
241 Madison Avenue
Detriot, MI 48226