Comment: estimates and specialists audit requirements

In our response to the PCAOB’s post-implementation review interim analysis, Estimates and Specialists Audit Requirements, we applaud the Board’s efforts in implementing the requirements for auditing accounting estimates and using the work of specialists, as well as its timely guidance, which we believe contributed to the successful implementation of these requirements.

Further, we provide insights into our firm’s implementation of the requirements related to auditing accounting estimates and using the work of specialists, including the significant components of such implementation, areas of challenge, and unintended consequences.

Download our comment letter to read our comments in full and to consider our recommendations.