Section 1000.08(f) – Concurring Partner Review of the Audit Report and the Financial Statements of Commission Registrants

Superseded by Auditing Standard No. 7, Engagement Quality Review, effective for engagement quality reviews of audits and interim reviews for fiscal years beginning on or after December 15, 2009.
Final Rule: PCAOB Release No. 2009-004

Establish policies and procedures that meet the requirements set forth in Appendix E, SECPS §1000.39, for a concurring review by a partner other than the audit partner in charge of an SEC engagement before issuance of an audit report on the financial statements of an SEC engagement and before the reissuance of such an audit report where the performance of subsequent events procedures is required by professional standards.fn2

 fn2 Effective for audits of financial statements of SEC clients for periods ending after the date the firm becomes a member and for reports that are reissued after that date. 

Copyright © 2001, American Institute of Certified Public Accountants, Inc.