BAN2417. PCAOB NOCLAR Standard Setting Project: What You Need to Know?

In the summer of 2023, the PCAOB proposed changes to the auditor’s consideration of possible noncompliance with laws and regulations. In February 2024, the PCAOB announced that they would hold a multi-stakeholder roundtable to discuss the project and at the same time re-opened the comment period. The NOCLAR standard-setting project is on the PCAOB’s short-term standard setting agenda with an anticipated adoption in 2024. Join us for a discussion of what we learned during the PCAOB’s roundtable and re-opened comment period, what auditors do today with respect to NOCLAR requirements, and what stakeholders should be thinking about as we prepare for a revised NOCLAR standard.

Learning Objectives:

• Analyze the PCAOB's roundtable discussion
• Identify changes with the revised NOCLAR standard