The Public Company Accounting Oversight Board may begin asking auditors to look at cybersecurity when assessing risks at the companies they audit.

PCAOB board member Kathleen Hamm called for more auditors to consider cybersecurity when performing their audit risk assessments after high-profile data breaches in recent years at all too many companies.

“We know some auditors are laser-focused on cybersecurity and have taken steps to specifically consider cyber-threats when assessing the risks of a material misstatement in the financial statements of public companies,” she said at a financial reporting conference .

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Accounting Today
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