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New Center for Audit Quality Alert on SPACs Outlines Considerations for Auditors and Audit Committees

May 05, 2021 - Targeted News Service
Mergers and Acquisitions

(TNSOps) -- The Center for Audit Quality issued the following news release on May 4, 2021:

The Center for Audit Quality (CAQ) issued an Alert today with some key considerations for auditors and audit committees related to the unique risks and challenges of a private company entering the public markets through a merger with a Special Purpose Acquisition Company (SPAC).

The CAQ Alert comes on the heels of recent statements from the SEC reminding boards of directors, audit committees, m...