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.