PCAOB update - Page 2

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  • #162121
    hopefulcpa28
    Member

    I’m using Becker and they posted few updates on their page, PCAOB being the huge one.

    Apparently assertions are CVERD instead of COVERU aka there’s no “cut-off.” I’m little confused as far as specific assertions go.

    For example, does this mean “cut-off” isn’t part of transaction assertion as it was before? Becker posted PCAOB update, but didn’t go through A3 and A4 pointing out the new update affects each assertion.

    Please help, I’m so confused!!

    Thanks in advance!

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