PCAOB Advises Auditors on Handling Significant Unusual Transactions

• By: Staff Editor
• Date: November 18, 2011

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.