PCAOB Schedules Open Meeting to Consider Adoption of a New Form Disclosing the Engagement Partner and Other Accounting Firms Participating in the Audit

The Public Company Accounting Oversight Board has scheduled an open meeting for 10 a.m. on Tuesday, December 15, to consider adopting new rules and amendments to auditing standards to require audit firms to name the engagement partner and other accounting firms that participated in an audit.

The rules under consideration would require disclosure of the name of the audit engagement partner on a new PCAOB form, Auditor Reporting of Certain Audit Participants, or Form AP. Firms would also be required to use Form AP to disclose information about other accounting firms participating in an audit, including the names of the firms and the extent of their participation.

This rulemaking initiative began with a concept release in July 2009. Most recently, the PCAOB issued a supplemental request for comment on Form AP on June 30, 2015. Additional information on this rulemaking is available on the PCAOB website under Rulemaking Docket 029.

The meeting is open to the public and will take place in the PCAOB meeting room at 1666 K Street NW, Washington, DC. It will be webcast live via a link on the PCAOB website and available in the recordings archive the next day.