Conference on Current SEC and PCAOB Developments 2018

SEC1816 - Auditor's Developments, Including the Auditor's Reporting Model

Dec 11, 2018 4:15pm ‐ Dec 11, 2018 5:05pm


In 2017, the Public Company Accounting Oversight Board adopted a new auditing standard: Auditing Standard 3101, The Auditor’s Report on an Audit of Financial Statements When the Auditor Expresses an Unqualified. The first phase of the new standard was implemented for 2017 year-end reporting. The next phase, which is the most significant change as a result of the new standard, is the requirement to communicate critical audit matters (CAMs) in the auditor’s report. Audit firms have been performing “dry runs” of the CAM requirements. This panel will explore the new requirements and share experiences from the dry runs.

  • Obtain an understanding of the definition of a CAM, components of a CAM communication, and effective date.


  • Jennifer Rand, CPA, Deputy Chief Auditor, PCAOB
  • Dave Sullivan, CPA , CGMA , National Managing Partner, Deloitte
  • Thomas Timko, CPA, Vice President, Chief Accounting Officer and Controller, GE
  • Susan Ward, CPA, Vice-President, Chief Accounting Officer, UPS

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