Comments by the Auditing Standards Committee of the Auditing Section of the American Accounting Association on the PCAOB Rulemaking Docket Matter 029: PCAOB Release No. 2011-007, Improving Transparency Through Disclosure of Engagement Partner and Certain Other Participants in Audits
Document Type
Article
Publication Date
6-2012
Abstract
In October 2011, the Public Company Accounting Oversight Board (PCAOB or Board) issued a release to solicit public comment on amendments to its standards that would improve the transparency of pubic company audits. The objective of the release was to solicit public comments on a proposed standard that would (1) require registered public accounting firms to disclose the name of the engagement partner in the audit report, (2) amend the Board's Annual Report Form to require registered firms to disclose the name of the engagement partner for each audit report already required to be reported on the form, and (3) require disclosure in the audit report of other independent public accounting firms and other persons that took part in the audit. The PCAOB provided for a 91-day exposure period (from October 11, 2011, to January 9, 2012) for interested parties to examine the release and provide comments. The Auditing Standards Committee of the Auditing Section of the American Accounting Association provided the comments in the letter below to the PCAOB on PCAOB Rulemaking Docket Matter 029: PCAOB Release No. 2011-007, Improving Transparency Through Disclosure of Engagement Partner and Certain Other Participants in Audits.
Publication Title
Current Issues in Auditing
Repository Citation
Jones, Keith L.; Aier, Jagadison K.; Brandon, Duane M.; Carpenter, Tina D.; Caster, Paul; Lisic, Ling Lei; and Pevzner, Mikhail B., "Comments by the Auditing Standards Committee of the Auditing Section of the American Accounting Association on the PCAOB Rulemaking Docket Matter 029: PCAOB Release No. 2011-007, Improving Transparency Through Disclosure of Engagement Partner and Certain Other Participants in Audits" (2012). Business Faculty Publications. 118.
https://digitalcommons.fairfield.edu/business-facultypubs/118
Published Citation
Keith L. Jones, Jagadison K. Aier, Duane M. Brandon, Tina D. Carpenter, Paul Caster, Ling Lei Lisic, and Mikhail B. Pevzner (2012) Comments by the Auditing Standards Committee of the Auditing Section of the American Accounting Association on the PCAOB Rulemaking Docket Matter 029: PCAOB Release No. 2011-007, Improving Transparency Through Disclosure of Engagement Partner and Certain Other Participants in Audits. Current Issues in Auditing: June 2012, Vol. 6, No. 1, pp. C1-C6. doi: http://dx.doi.org/10.2308/ciia-50133
DOI
10.2308/ciia-50133
Comments
Copyright 2012 American Accounting Association
A link to full text has been provided for authorized subscribers.