September 26, 2022

Partner Names: Coming to an Audit Near You in 2017

After nearly seven years since the first concept release, the SEC approved the PCAOB's rules for disclosing the names of audit engagement partners and other participating firms. You can read the entire SEC order if you find the securities regulation apparatus fascinating. Personally, I think it's interesting that another round of comments is allowed prior to final approval.

I suppose if a person or organization wasn't satisfied with their prior comments, this was one last chance to throw in an extra two cents. In this case, only four comment letters were submitted: two for (Deloitte, CFA Institue) and two against (US Chamber of Commerce, a partner from EisnerAmper). The SEC politely rejected the latter's final appeals to not approve the PCAOB's rules.

The partner disclosure rules go into effect for audit reports issued after January 31, 2017 while the supplemental audit firm disclosure will be require after June 30, 2017. 

[PCAOB, SEC Order]

Latest Accounting Jobs--Apply Now:

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Comments are closed.

Related articles

a sign with text that says this is a sign

Here’s Your Sign From the Universe to Find a Better Opportunity

From the moment you choose accounting as your major, the one thing you consistently hear from peers and professors is “go into public accounting when you graduate.” Many professors, being Big 4 alum themselves, urge you to take a traditional path: internship, graduate, full-time role, CPA exam, and then put in your mandatory two years […]