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SEC seeks comment on rule requiring naming engagement partners

Tammy Whitehouse | March 1, 2016

The Securities and Exchange Commission is seeking its own round of comments on rules approved by audit regulators to require the naming of engagement partners and other key participants in public company audits.

The Public Company Accounting Oversight Board adopted new rules in December that would require audit firms to complete a new filing with the PCAOB to provide the name of engagement partners on public company audit engagements. The filing also would require the names, locations, and extent of participation of other accounting firms that took part in the audit if their work made up 5 percent or more of the total audit hours.

PCAOB rules are subject to...

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