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PCAOB Adopts Form to Name Engagement Partner, Others in Audit

Tammy Whitehouse | December 15, 2015

Finally achieving the path of least resistance after multiple prior attempts, the Public Company Accounting Oversight Board has approved a rule requiring audit firms to identify engagement partners and others outside the firm who contribute to public company audits.

Beginning with audit reports issued after Jan. 31, 2017, audit firms will be required to file “Form AP” with the PCAOB to provide the name of the engagement partner on each audit. For reports issued after June 30, 2017, firms will be required to file additional information about other audit firms outside of the principal audit firm that assisted with the audit. As the information is provided, it will be gathered into a database accessible through the PCOAB’s website where investors and other users of financial statements can search and download the information, either in...

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