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ACI Snapshot - New PCAOB Standard Reinforces Robust, Two-Way Communications Between Audit Committee and Auditor

"No surprises" has long been a goal - and the hallmark - of effective communications and a strong relationship between the audit committee and auditor.  With the Public Company Accounting Oversight Board's recent approval of Auditing Standard No. 16, "Communications with Audit Committees," the importance of robust, two-way communications to improve the transparency and integrity of financial reporting will continue to be front-and-center.

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