Tom Manisero (Partner-White Plains, NY) co-authored with Vincent J. Love “A Corporate Governance Anomaly: Requiring Outside Auditors to Disclose CAMs May Have Unintended Consequences” for the February/March 2021 edition of The CPA Journal. The article examines changes to generally accepted auditing standards (GAAS), including requirements for disclosing critical audit matters in the auditor’s report. Tom and Vince take a look at what this means in terms of shifting management responsibilities to the auditor and the related legal implications, and offers insights on how the quality of financial reporting can be improved.

Read the Article.