Standards Standards & Related Rules Interim Standards An Audit of Internal Control Over Financial Reporting Auditing Standard No. 5 Auditing Standard No. 2 Proposed & Adopted Standards & Related Rules Staff Q&A and Audit Practice Alerts Standing Advisory Group Standards-Setting Policy Regarding Use of PCAOB Materials

Standards Documents

Standards–Related Rules

Auditing Standard No. 1

Auditing Standard No. 2

Auditing Standard No. 3

Auditing Standard No. 4

Auditing Standard No. 5

Interim Standards Pages

Interim Auditing Standards

Interim Attestation Standards

Interim Quality Control Standards

Interim Ethics Standards

Interim Independence Standards

Standards and Related Rules

Auditing Standard No. 2 is superseded by Auditing Standard No. 5 for fiscal years ending on or after November 15, 2007.

Auditing Standard No. 2: An Audit of Internal Control Over Financial Reporting Performed in Conjunction With an Audit of Financial Statements

This standard was approved by the Securities and Exchange Commission on June 17, 2004, and was effective for audits of internal control over financial reporting required by Section 404(b) of the Sarbanes-Oxley Act of 2002.

Auditing Standard No. 2 [Superseded]

Staff Questions and Answers on Auditing Standard No. 2:

• Questions 1 - 26 (June 23, 2004, Revised July 27, 2004)
• Questions 27 - 29 (October 6, 2004)
• Questions 30 - 36 (November 22, 2004)
• Question 37 (January 21, 2005 )
• Questions 38 – 55 (May 16, 2005 )

Conforming Amendments to PCAOB Interim Standards Resulting from the Adoption of PCAOB Auditing Standard No. 2

The conforming amendments were approved by the Securities and Exchange Commission on November 17, 2004. For integrated audits of financial statements and internal control over financial reporting, the conforming amendments became effective at the same time that PCAOB Auditing Standard No. 2 became effective. For issuers that were not considered to be accelerated filers under Securities Exchange Act Rule 12b-2 and for issuers that were not required to comply with section 404 of the Sarbanes-Oxley Act of 2002, the conforming amendments became effective for audits of financial statements for periods ending on or after July 15, 2005. The part of the conforming amendments that superseded AT sec. 501, “Reporting on an Entity’s Internal Control Over Financial Reporting,” was effective immediately upon approval. Section D, “Effective Date,” and section E, “Effect of Auditing Standard No. 2 on Audits of Financial Statements Only,” of the Board’s Release that accompanied the conforming amendments provide more detailed information regarding effective dates and the effect of Auditing Standard No. 2 on audits of financial statements only.

Board Release: Auditing Standard No. 2 (3/9/2004)

Rulemaking Docket: Link to information related to the rulemaking process of this standard, including proposing and adopting releases, public comments, and board statements.

Other Related Documents