Tag Archives: NOCLAR
NOCLAR Exposure Draft: NASBA Wants to Hear from Boards
SHARE: Earlier this year, the latest efforts to address the ethical dilemma of NOCLAR (non-compliance with laws and regulations) were launched. Public discussion was encouraged regarding Communication with Predecessor Auditor Regarding Fraud and Noncompliance with Laws and Regulations. According to Daniel J. Dustin, NASBA Vice President, State Board Relations, NASBA’s Ethics Committee met in March to discuss the latest NOCLAR exposure draft issued by the AICPA’s Professional…
NOCLAR Exposure Drafts in February
SHARE: On January 14, 2021, the latest round in the profession’s ongoing attempt to deal with NOCLAR (non-compliance with laws and regulations) began, with the AICPA’s Auditing Standards Board’s (ASB) vote to expose for public comment a proposed Statement on Auditing Standards (SAS) on “Communication with Predecessor Auditor Regarding Fraud and Noncompliance with Laws and…
PCAOB Agendas Questioned
SHARE: Is the Public Company Accounting Oversight Board studying the right issues? PCAOB Member J. Robert Brown, Jr., has challenged the Board’s updated research and standard-setting agendas that were released in September. While the PCAOB added auditor independence to their standard-setting agenda and an audit evidence project to their research agenda, they dropped going concern…
NASBA BOD Opposes Staff Augmentation
SHARE: The NASBA Board of Directors at their January 17 meeting reaffirmed their opposition to allowing a CPA firm’s staff to provide non-attest services to an attest client while under the client’s supervision as it compromises the firm’s independence. This practice, termed “staff augmentation” in an interpretation of ET 1.200.001 under consideration by the AICPA’s…