PCAOB-Proposed Rule Regarding Auditing Standard No. 18 (Fed. Reg.)

The Public Company Accounting Oversight Board ("PCAOB") proposed amendments to PCAOB Auditing Standard No. 18 regarding significant unusual transactions that were published in the Federal Register.

The amendments involve significant transactions that are outside the normal course of business for a company, or that otherwise appear to be unusual due to their timing, size or nature, as well as financial relationships and transactions with its executive officers.

Comments must be submitted by August 14, 2014.

See: 79 FR 43164.See also: PCAOB Adopts Amendments to Auditing Standards Regarding Significant Unusual Transactions (June 11, 2014).