At February 27 Open Meeting, PCAOB to Consider Proposed Rule Prohibiting False Statements About PCAOB Registration and Oversight

The Public Company Accounting Oversight Board (PCAOB) will hold an open meeting on Tuesday, February 27, 2024, at 2:00 p.m. ET.

At the meeting, the Board will consider proposing for public comment new PCAOB Rule 2400, False or Misleading Statements Concerning PCAOB Registration and Oversight. The proposed rule would address how auditors present their PCAOB registration status, including the scope of the PCAOB’s oversight of their work. If adopted, the rule would prohibit statements regarding a firm’s registration status to clients, potential clients, or the public that are false or misleading. The proposal also includes a proposed rule amendment that would permit the Board, under specified conditions, to treat a PCAOB-registered firm’s repeated failures both to file annual reports and to pay annual fees as a constructive request for leave to withdraw from PCAOB registration.

The public may join the meeting in watch-only or listen-only mode using the following information.

• Join by Webex link: 
  PCAOB Open Meeting – February 27, 2024
  When you join the meeting, if you would like to connect your audio via phone, you can receive a call back by providing your phone number in the prompt. You can also join by audio only by calling one of the dial-in numbers in the “Join by phone” section below and entering the access code and password.
• Join by Webex number:
  Webex number: 2315 068 3734
  Webex password: EWe2aYCCm75
• Join by phone:
  Call either of the numbers below and enter the access code and password, each followed by #.
  U.S. toll-free: 1-844-621-3956
  U.S. toll: 1-415-655-0001
  Access code: 231 506 83734
  Webex password: 39322922

A recording will be made publicly available on the PCAOB’s website following the meeting.

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About the PCAOB

The PCAOB is a nonprofit corporation established by Congress to oversee the audits of public companies in order to protect investors and further the public interest in the preparation of informative, accurate, and independent audit reports. The PCAOB also oversees the audits of brokers and dealers registered with the Securities and Exchange Commission, including compliance reports filed pursuant to federal securities laws.

Contact

PCAOB Office of Communications and Engagement
[email protected]