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GAAP.RUNewsPCAOB Publishes Staff Question and Answer on Auditing Standard No. 7 “Engagement Quality Review”

PCAOB Publishes Staff Question and Answer on Auditing Standard No. 7 “Engagement Quality Review”

Publication date: 27 February 2010

The EQR standard provides a framework for the engagement quality reviewer to objectively evaluate the significant judgments made and related conclusions reached by the engagement team in forming an overall conclusion about the engagement.

The Public Company Accounting Oversight Board (PCAOB) today published a staff question and answer on the documentation requirements of Auditing Standard No. 7 “Engagement Quality Review”.