Regulators and Standard Setters: Updates and Panel Discussion.

In Focus The first panel of the conference, "Regulators and Standard Setters: Updates and Panel Discussion", featured presentations and discussion on current topics in auditing standards and regulation. "The PCAOB audit standards also require auditors to exercise due professional care, which requires the auditor to exercise the appropriate levels of professional skepticism throughout the audit. "The general standard is the heart of the Commission's auditor independence rules and establishes the reasonable investor threshold", she continued, "and this standard is grounded in assessing the auditor's objectivity and impartiality. "I think the business and financial relationships between auditors and their audit firms have become increasingly complex", Stoltzfus answered a question on auditor independence. [Extracted from the article]

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