SEC approves the PCAOB’s new standard for audit reports
On October 23, 2017, the Securities and Exchange Commission formally approved the new auditor reporting standard, The Auditor’s Report on an Audit of Financial Statements When the Auditor Expresses an Unqualified Opinion, or AS 3101, which the Public Company Accounting Oversight Board adopted on June 1, 2017. Nixon Peabody’s alert…
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