![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgzalNERbjZLNth7etLNtwqfbsMUBuU5Sw4SUvmB3zJRIVg_LwqLw21S9l9pL5D-X9raFW4avIsQjVengzHgW1dw6prL3Pvgp6vbwHcR6y-UI3JYyRR1KGx8eAOTD-M_HC9pAiczAm_G4j5/s1600/us-lgflag.gif)
The
Public Company Accounting Oversight Board has proposed two new auditing standards in order to improve usefulness of the auditor's report: see
here (
pdf). An overview of the new standards is available
here. The PCAOB chairman,
James R. Doty, described the publication of the standards as a watershed moment for auditing in the United States: see
here. The remarks of his fellow board members are available
here.
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