The PCAOB claimed that such information could improve capital allocation and enhance market efficiency
The concept release focused on several alternatives that would modify the report 1n order enhance the auditor's communication to investors and other third parties,including the following :
- An auditor's discussion and analysis (AD&A) to supplement its standard report in order to provide additional information about the audit and the company's financial statements
-Expanded use of emphasis paragraphs
-Reporting on information located out- side financial statements
-Certain clarifications of language