PCAOB Updates its Staff Guidance on Form AP and Related Voluntary Audit Report Disclosure Under AS 3101

The Public Company Accounting Oversight Board (PCAOB) today released targeted updates to its staff guidance(PDF) on Form AP, Auditor Reporting of Certain Audit Participants and Related Voluntary Audit Report Disclosure Under AS 3101.

In light of the COVID-19 pandemic, the updates address situations where firms may have adopted remote work arrangements for seconded employees such that they remain in their home countries during the secondment period. In addition, the guidance has been updated for certain technical matters.

Learn more about Form AP implementation resources at our website.

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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.