The Public Company Accounting Oversight Board (PCAOB) began in May 2016 to compose new audit report-related rules. In announcing the review, the PCAOB noted that the auditor’s report was the main source of information for various interested parties, investors among them.

In school, teachers would sometimes telegraph or announce what would be on upcoming tests. Class members had a choice: take the hint, or not. The Public Company Accounting Oversight Board (PCAOB) has delivered its message on