The Public Company Accounting Oversight Board yesterday voted to publish for comment proposed changes to its standards which would require: (a) the name of the engagement partner to be disclosed in the audit report and (b) disclosure of other accounting firms, and others not employed by the auditor, taking part in the audit: see here. The proposed amendments are available here (pdf).The Board decided not to recommend that the engagement partner should sign the audit report, although one board member, Steven B. Harris, supported this recommendation, noting that "nothing focuses the mind quite like putting one's individual signature on a document". Mr Harris's statement, and that of his fellow board members, can be found here.
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