PCAOB Advises Auditors on Handling Significant Unusual Transactions
Abstract:In April 2010, the Public Company Accounting Oversight Board (PCAOB) issued a guidance or Staff Practice Audit Alert, Auditor Considerations Regarding Significant Unusual Transactions, aimed at advising auditors on how they should handle significant unusual transactions while auditing a company.
This article gives an overview and summary of recommendations of this guidance.
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