David F. Dedyo Partner

As a result of ongoing efforts to improve the informational value of the auditor’s reporting model, on August 13, 2013 the Public Company Accounting Oversight Board (PCAOB) proposed two new auditing standards for public comment that would expand the scope of the auditor’s report on a company’s audited financial statements and require the auditor to perform an evaluation of other information included in the company’s annual report filed with the SEC.