This paper (article) is authored by one of the research synthesis teams formed by the Auditing Section. The views
expressed in this paper are those of the authors and do not reflect an official position of the AAA or the Auditing
Section. In addition, while discussions with the PCAOB staff helped us identify the issues that are most relevant to
setting auditing and other professional standards, the author team was not selected or managed by the PCAOB, and the
resulting paper expresses our views (the views of the authors), which may or may not correspond to views held by the
PCAOB and its staff.