This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

SEC approves PCAOB rules on audit firm reporting

  • PCAOB (US Public Company Accounting Oversight Board) (dark gray) Image

15 Aug 2009

The US SEC has given final approval to new rules adopted by the Public Company Accounting Oversight Board that require reporting by registered public accounting firms starting 12 October 2009. The rules implement a provision of the Sarbanes-Oxley Act of 2002 and constitute the first reporting obligations imposed on registered firms by the PCAOB.

Under the new rules:
  • Certain events that occur on or after the 12 October 2009 effective date must be reported within 30 days by a registered firm in a special report on PCAOB Form 3.
  • Registered firms must file annual reports on Form 2, with the first annual reports being due June 30, 2010. Going forward, all firms that are registered with the Board as of 31 March of a particular year must, by 30 June of that year, file an annual report covering the 12-month period ending 31 March.
Click for Announcement of New PCAOB Rules (PDF 38k).


Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.