Critical audit matters (CAMs), as required by AS 3101, took effect for audits of large accelerated filers with fiscal years ending on or after June 30, 2019. The majority of large accelerated filers have fiscal years ending on December 31, … Continue reading
Category Archives: Critical Audit Matters
Critical Audit Matters in Audit Committee Disclosures
As the implementation of the new disclosure requirement for critical audit matters (CAMs) continues, Audit Analytics is examining S&P 1500 companies that have disclosed the audit committee’s role in CAMs. CAMs are matters which arise during the audit that are … Continue reading
An Updated Overview of CAMs
Critical audit matters (CAMs), as required by AS 3101, took effect for audits of large accelerated filers with fiscal years ending on or after June 30, 2019. The majority of large accelerated filers have fiscal years ending on December 31, … Continue reading
No Critical Audit Matters Identified for Redfin Corp.
Critical audit matters (CAMs), as required by PCAOB Auditing Standard 3101 (AS 3101), took effect for audits of large accelerated filers with fiscal years ending on or after June 30, 2019, and on or after December 15, 2020 for all … Continue reading
A Spotlight on CAMs
Note: This post was updated to reflect the number of CAMs disclosed in the audit opinions of Large Accelerated Filers as of December 17, 2019. The Public Company Accounting Oversight Board (PCAOB) posted its first Spotlight yesterday, a publication highlighting … Continue reading
More to Discover with CAMs
Audit Analytics’ new Critical Audit Matters (CAMs) database makes it easier than ever to search, track, analyze, and understand CAMs. A CAM is any matter that the auditor communicated or was required to communicate to the company’s audit committee, and … Continue reading
What Investors Need to Know About Audits
On Monday, November 4, 2019, the CFA Society of New York hosted What Investors Need to Know About Audits, a forum that focused on the state of today’s audit process, how it has and continues to change over time, and … Continue reading