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Stakeholders Join IIA in Opposing Anti-Internal Auditor Language in PCAOB’s Proposed Standard

19 organizations and individuals submitted comment letters expressing public support for the internal audit profession

LAKE MARY, FLA (Feb 27, 2023) – The Institute of Internal Auditors (IIA) – the internal audit profession’s leader in standards, certification, education, research, and technical guidance worldwide – recently conducted a review of the public comments made in response to the Public Company Accounting Oversight Board’s (PCAOB) recently issued proposed auditing standard, “The Auditor’s Use of Confirmation, and Other Proposed Amendments to PCAOB Standards.”

At the close of the comment period (February 20), 19 organizations and individuals had submitted letters taking exception to an anti-internal auditor provision in the proposal, which contains comments from the PCAOB that have been deemed ‘false and inflammatory.’

The chorus of organizations joining The IIA to voice their pushback against the PCAOB’s unfounded allegations that internal auditors may “intercept” or “alter” audit confirmations include The Wendy’s Company, Association of College and University Auditors, National Association of State Boards of Accountancy (NASBA), and Grant Thornton, LLP.

Read the full press release here.