Nasdaq comments on proposed PCAOB Audit Report Standard
Publication Date: August 29, 2017

Nasdaq submitted a comment letter to the Securities and Exchange Commission expressing concern with the PCAOB's proposed new standard that would expand the auditors' report to include "critical audit matters." Nasdaq's comment letter highlighted concerns that the proposal extends beyond matters that are material to investors, potentially requiring auditors to disclose information about public companies that the companies themselves are not required to disclose, Nasdaq's letter also expressed concern that the proposal, if adopted, could "chill" communication between the auditor and the audit committee. Similar concerns were also addressed in a comment letter filed with the SEC by the U.S. Chamber of Commerce in response to the proposal.

Read Nasdaq's comment letter >>

Read U.S. Chamber of Commerce comment letter >>

Read the PCAOB's Proposal >>