Thursday, 5 December 2013

USA: Disclosure in the auditor's report - PCAOB reproposes changes for public comment

The Public Company Accounting Oversight Board is seeking views on re-proposed changes to auditing standards that would require, amongst other things, the auditor's report to include: [a] the name of the engagement partner who led the audit in the most recent period, and [b] the names, locations, and extent of participation (as a percentage of the total audit hours) of other public accounting firms that took part in the audit, and the locations and extent of participation of other persons (whether an individual or a company) not employed by the auditor who performed procedures on the audit. Further information is available here.

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