Stay Connected: Twitter Facebook Flickr RSS E-Mail
Skip navigation links
About the PCAOB
Rules of the Board
Registration & Reporting
Standards
Inspections
Enforcement
International
Research & Analysis
News & Events
Skip navigation links
News Releases
Events & PCAOB Meetings
Speeches & Statements
Webcasts & Podcasts
PCAOB Updates

 Statement on Consideration of Adopting Rules on Reporting by Registered Public Accounting Firms and on Succeeding to a Predecessor Firm's Registration Status 

DATE: July 29, 2008 
SPEAKER: Steven B. Harris, Board Member 
EVENT: PCAOB Open Board Meeting 
LOCATION: Washington, DC 

Thank you, Chairman Olson.

The rules before the Board today identify when it may be appropriate for a registered firm to retain its registration status after a merger or a change in legal form. These rules, provide a mechanism for registered firms to retain their registration status when appropriate and avoid the 45-day registration process as well as additional registration fees. With these rules in place, a registered firm contemplating certain mergers or a change in legal form can now anticipate the steps required to retain registration without an interruption in service to their public company clients. In particular, I see these rules as helpful to smaller registered firms and I support adoption of the rule.

I would also like to congratulate the staff – in particular Michael Stevenson and Sarah Williams – for their work in providing firms with an option to seamlessly retain their registration status.

 

Related Information