PCAOB will defer inspections of some non-US audit firms

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

26 Jun 2009

The US Public Company Accounting Oversight Board has adopted an amendment to a rule on the timing of certain inspections of registered non-US public accounting firms.

The amendment gives the Board the ability to postpone, for up to three years, the first inspection of any foreign registered public accounting firm that the Board is otherwise required to conduct before the end of 2009 and that is in a jurisdiction in which the Board has not conducted an inspection prior to 2009. The delay gives the PCAOB the ability to conduct these inspections cooperatively with the Board's non-US counterparts. Click for PCAOB Press Release (PDF 39k). The text of the amended rule is available On the PCAOB's Website.


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.