December 3, 2019
The pace of change in business is accelerating, and the volume of information available to investors and other stakeholders in the US financial reporting ecosystem continues to grow. Investors and others are using both audited financial statements and—increasingly—unaudited company-prepared information to make decisions.
“Investors and other consumers of the financial statements are increasingly relying on information not subject to the audit.“
J. Brown, Board Member, Public Company Accounting Oversight Board (PCAOB)
“Preventing Audit Extinction”
The Role of Auditors in Company-Prepared Information: Present and Future provides a foundational understanding of the current role of auditors in various types of company-prepared and publicly disclosed information. It also serves to assist audit committees and investors in understanding how auditors are positioned to help fill existing gaps in enhancing the reliability of decision-useful information.