PCAOB adopts rules for succeeding to registration of audit firm
30 Jul 2008
The US Public Company Accounting Oversight Board has adopted rules govern when an audit firm would be allowed to succeed to the registration status of a predecessor firm following a merger or other change in the registered firm's legal form, without the new legal entity needing to apply for registration.
The PCAOB will submit the rules to the Securities and Exchange Commission for approval. The rules will take effect 60 days after Commission approval. Click for More Information on the PCAOB's website.
