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SEC approves PCAOB rule on naming engagement partners

Tammy Whitehouse | May 10, 2016

A new rule requiring audit firms to name engagement partners on individual audits has passed its final obstacle to becoming effective after the Securities and Exchange Commission gave its final approval.

The SEC issued an order approving the rule adopted by the Public Company Accounting Oversight Board that will require audit firms to complete a new filing on Form AP to provide the name of the engagement partner on each audit engagement after it is completed. On the same form, audit firms will be required to identify other firms or individuals who had a hand in the audit if they are not associated with the audit firm that signs the audit report.

The PCAOB says...

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