write a comment letter


PCAOB Rulemaking Docket Matter No. 043: 

i am excited to be given the opportunity to comment on the proposed standard on Auditing Accounting Estimates, Including Fair Value Measurements and proposed amendments to PCAOB auditing standards.  This update would supersede three current auditing standards and make them into a single standard.  The standards being superseded include:

Auditing Accounting Estimates

Auditing Fair Value Measurements and Disclosures

Auditing Derivative Instruments, Hedging Activities, and Investments in Securities

PCAOB website:


write a comment letter to the PCAOB addressing Docket 043

Discussion of the Proposed Rules

1.Does the information presented above reflect current audit practice?  Are there additional aspects of current practice of both larger and smaller audit firms that are relevant to the need for standard setting in this area?

2.The Board requests comment generally on the potential costs to auditors and companies they audit.  Are there additional costs the Board should consider?

3.The Board requests comment generally on the analysis of the impacts of the proposal on ECGs.  Are there reasons why the proposal should not apply to audits of ECGs?  What impact would the proposal likely have on EGCs, and how would this affect efficiency, competition, and capital formation?

    • Posted: a year ago
    • Due: 
    • Budget: $20