Principal Drafter, March 2020
Although we agree that it is time to revise the PCAOB quality control (QC) standards, we hope that the PCAOB, in developing a new standard and practice guidance, takes into consideration any unreasonable expectations as to the level of quality assurance that the new QC standard might provide. We are concerned that the Proposal does not adequately address scalability, as discussed with more specificity in our responses to the questions for respondents. We offer the following responses to the numbered questions for comment presented by the Board in the Proposal. We do not have any comments on Questions 5, 6, 11, 30 b., and 55.
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