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Actuaries in Audit Support
Jing Liu June 03, 2019 Posted in: Blog Posts, Audit Support, News
At the end of 2018, the Public Company Accounting Oversight Board (PCAOB) implemented several amendments to their existing standards. One of the changes strengthened requirements for evaluating the work of company specialists. Prior to the change, PCAOB guidelines did not expressly require auditors to evaluate the appropriateness of methods and assumptions used by company specialists. Auditors were merely required to obtain an understanding of the methods and assumptions used. 

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