Audit Standard No. 5 – Compliance Building

Auditing Standard No. 5 for Smaller Companies

Doug Cornelius February 3, 2009October 3, 2013 Accounting [+]

PCAOB released Staff Views for applying the provisions of PCAOB Standard No. 5 for audits of smaller, less complex public companies (.pdf) on January 23, 2009. Standard No. 5 is focused on assessing the effectiveness of internal controls over financial reporting. This Staff View of PCAOB Standard No. 5 discusses how to scale an audit … Read more »

PCAOB Standard No. 5

Doug Cornelius October 23, 2008March 10, 2009 Accounting [+]

The Public Company Accounting Oversight Board released Auditing Standard No. 5 – An Audit of Internal Control Over Financial Reporting that is Integrated with an Audit of Financial Statement (.pdf) on June 12, 2007. The standard was approved by the SEC on July 25, 2007 and became effective for audits of fiscal years ending on … Read more »