The Public Company Accounting Oversight Board has issued a paper examining potential changes to standards involving the use of specialists by auditing firms and is looking for public comments by July 31, 2015. Staff Consultation Paper No. 2015-01, The Auditor's Use of the Work of Specialists, discusses the increase in the use and importance of specialists in recent years due, in part, to the increasing complexity of business transactions reported in a company's financial statements.
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