U.S. Department of the Treasury forms Advisory Committee on the Auditing Profession 

Treasury Advisory Committee on the Auditing Profession adopts final report

Contains 30 recommendations

The U.S. Treasury Department's Advisory Committee on the Auditing Profession adopted its final report containing more than 30 recommendations to improve the sustainability of the public company auditing profession.

Report recommendations focused on three specific areas:

• Human capital
• Firm structure and finances
• Concentration and competition

Read more here.

Treasury Advisory Committee Testimony

• Testimony at Feb. 4 meeting addressed:

  • Human capital
  • Firm structure and finances
  • Concentration and competition
    
    
• AICPA’s Center for Audit Quality Executive Director testifies before Advisory Committee
  

Background and news on Advisory Committee

• Treasury Advisory Committee on the Auditing Profession adopts final report
• Treasury’s advisory committee seeks comment on additional recommendations
• Members of the Advisory Committee on the Auditing Profession
• Advisory Committee on the Auditing Profession to take hard look at auditing future
• AICPA Center for Audit Quality submits comment letter

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