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PCAOB Revisits Naming Engagement Partner, Audit Quality Metrics

Tammy Whitehouse | June 30, 2015

Audit regulators are trying again to propose a rule that would give investors more information about who is working behind the curtain when an audit firm files its final report on a company’s financial statements.

The Public Company Accounting Oversight Board has issued a proposal for public comment for a new rule that would require audit firms to file a new form: PCAOB Form AP -- Auditor Reporting of Certain Audit Participants. On this new form, firms would name the engagement partner for each audit and provide information on others from outside the principal audit firm who assisted with the audit.

At the same time, the PCAOB also is issuing for public comment a concept release exploring how to define...

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