While audit firms cannot be immune to economic downturns, the PCAOB will evaluate whether such pressures result in fewer hours being devoted to audits, thereby impairing audit quality.
While the growing number of lawsuits against the NFL by former players who have suffered concussions may be at least partly responsible for the formation of this joint initiative, there is no doubt that this venture will result in important research that will evaluate the effects of trauma on the brain and brain functioning.