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Expert Analysis

It's Wise To Be Wary Of Audit 'Dialogue' With PCAOB

By Joel Schwartz, Stephen Quinlivan, Bryan Pitko and Jaclyn Schroeder (April 10, 2019, 3:49 PM EDT) -- The Public Company Accounting Oversight Board recently noted that it will provide an opportunity for audit committee chairs of certain companies whose audits are subject to inspection to "engage in a dialogue with the inspections staff" during 2019. The dialogue idea arose out of the PCAOB's strategic plan, which anticipates enhanced external engagement and more proactive communication with its stakeholders, including audit committees, to inform them about the PCAOB's core activities — including its inspections — and to maintain an ongoing dialogue with the stakeholders....

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