• Register
Return to: Home > News > Standards > PCAOB extends comment period for engagement partner disclosure

PCAOB extends comment period for engagement partner disclosure

The re-proposal also includes the naming of other firms and people who took part in the audit but are not employed by the auditor who performed procedures on the audit.

The re-proposal was the second time the PCAOB attempted to make changes along these lines, and released a set of proposals that were similar in 2011.

While these initial proposals proved unpopular, when the re-proposal was launched PCAOB chairman James Doty claimed it would "increase the usefulness of the auditor's report for investors when making their investment decisions, as well as when voting on the ratification of a company's choice of accounting firm as its auditor."

However the Accountant found many in the US uneasy over the plans. For example, CAQ executive Cindy Fornelli told TA she did not believe the auditor's report was the correct place to identify the engagement partner, and questions were also raised of the legal implications.

Related Articles

Analysis: US profession uneasy over PCAOB rules on audit partner disclosure

Related Link

The Public Company Accounting Oversight Board

Top Content

    ARGA team, assemble!

    The new top team has been named that will see in root-and-branch reform at the Financial Reporting Council (FRC) as it transforms into the Audit, Reporting and Governance Authority (ARGA). Will the new duo be as dynamic as some are hoping? Robin Amlôt reports.

    read more

    FASB: a quest for simpler standards

    FASB chair Russell Golden addressed the IMA 2019 Annual Conference and Expo at the Sheraton San Diego Hotel and Marina, California, on 18 June. IMA immediate former chair-emeritus Alex Eng acted as moderator. Joe Pickard reports.

    read more

    The future of audit, and how to get there

    Two recent reports peer into the future of the audit profession. One analyses what an audit should offer, while the other looks at how the audit process will be carried out. Robin Amlôt takes a closer look at both.

    read more

    EFAA elects new president, focuses on digital future

    EFAA’s new president, Salvador Marin, outlined his key priorities for the next two years at the organisation’s 2019 annual general meeting, while outgoing president Bodo Richardt offered advice. Robin Amlôt reports.

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.