PCAOB - Audit proposals re-issued for public comment 

December 20: The Public Company Accounting Oversight Board (PCAOB) re-issued, for public comment, proposed amendments designed to improve the transparency of audits.

The proposed amendments would require the auditor to communicate in the auditor’s report:


  • The name of the engagement partner
  • Certain information about other independent public accounting firms and other persons not employed by the auditor that participated in the audit.

The PCAOB has not yet proposed an effective date for the proposed amendments. The comment period for the proposed amendments ends February 3, 2014.


Read a December 2013 report [PDF 186 KB] prepared by KPMG LLP: Defining Issues: PCAOB Proposes Amendments to the Auditor's Report




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