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SEC Might Explore Auditor Tenure for Audit Committee Disclosure

Tammy Whitehouse | June 16, 2015

When the Securities and Exchange Commission issues its discussion paper later this year on what can be done to improve audit committee reports, it likely will explore whether reports should include the audit firm’s tenure and the name of engagement partners.

Croteau-brian-1214The SEC’s ongoing comprehensive review of audit committee reporting requirements is expected to lead to a discussion paper, or concept release, “soon” said Brian Croteau, deputy chief accountant at the SEC, in May. The paper will explore a number of ideas around how audit committee reports could be made more robust and more useful to shareholders and...

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