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PCAOB Updates

PCAOB to Consider Proposed Standard on Related Parties, Significant Unusual Transactions, and Conforming Amendments to Include Broker-Dealer Auditors to Board Rules and Forms

The Public Company Accounting Oversight Board has scheduled an open meeting for Tuesday, Feb. 28, at 9:30 a.m., to consider issuing for public comment a proposed auditing standard on related parties and proposed amendments to other auditing standards to address certain related issues, including significant unusual transactions.

The Board also will consider proposing for public comment amendments to PCAOB rules and forms that would conform them to the Dodd-Frank Wall Street Reform and Consumer Protection Act, which, among other things, authorized the PCAOB to oversee the audits of SEC-registered brokers and dealers, and that would make certain other technical improvements to PCAOB rules and forms in light of the Board's experience.

The meeting is open to the public and will take place in the Board's meeting room at 1666 K St. N.W., Washington, D.C. A webcast via a link on the PCAOB website will be made available the day of the meeting. The meeting also will be available via podcast later in the day.

 

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