Click on the following link for the speech: pcaobus.org
Dave Tate’s comments: new confirmation, as if any was needed, that the PCAOB takes and will continue to take internal controls and audits of internal controls very seriously. External auditors, executive officers, boards and audit committees, internal auditors, and legal counsel, and most likely senior management also, need to know or have sufficient understanding about internal controls, in addition to risk management. Do you know COSO 2013? Time to learn?
The following is a clip from part of the speech by Helen A. Munter, Director, Division of Registration and Inspections (if the text in the below box is too small or unclear, single click on the text box and it should enlarge and appear clear – then just click on your internet browser back arrow to return to this blog post):