PCAOB Standards and Related Rules

PCAOB Standards and Related Rules provides auditors of public companies with a current compilation of PCAOB standards and guidance. It includes

• PCAOB Auditing Standards
• Interim Standards
• PCAOB Staff Guidance
• Select Rules of the Board
• Select PCAOB Releases

This edition of PCAOB Standards and Related Rules, as of January 2011, has been updated to reflect the following:

• Auditing Standard (AS) No. 7, Engagement Quality Review
• AS No. 8, Audit Risk
• AS No. 9, Audit Planning
• AS No. 10, Supervision of the Audit Engagement
• AS No. 11, Consideration of Materiality in Planning and Performing an Audit
• AS No. 12, Identifying and Assessing Risks of Material Misstatement
• AS No. 13, The Auditor's Responses to the Risks of Material Misstatement
• AS No. 14, Evaluating Audit Results
• AS No. 15, Audit Evidence
• PCAOB Staff Guidance section 100.10, Auditing Standard No. 7, Engagement Quality Review
• Staff Audit Practice Alert No. 5, Auditor Considerations Regarding Significant Unusual Transactions
• Staff Audit Practice Alert No. 6, Auditor Considerations Regarding Using the Work of Other Auditors and Engaging Assistants From Outside the Firm
• Staff Audit Practice Alert No. 7, Auditor Considerations of Litigation and Other Contingencies Arising From Mortgage and Other Loan Activities

In addition to new material, PCAOB Standards and Related Rules has been updated with conforming changes due to pronouncements and other activity over the last year.