Reporting by audit firms begins 31 December
25 Nov 2009
In our news stories of 15 August 2009 and 1 October 2009 we reported that the US Public Company Accounting Oversight Board has adopted rules that require registered public accounting firms (domestic and foreign) to report to the PCAOB about certain specified events (starting with events occurring 31 December 2009) and also to file annual reports (with the first annual reports due 30 June 2010).
The PCAOB has now released Sample Forms and Other Details (link to PCAOB website). There are currently 2,261 audit firms registered with the PCAOB. Of those, 1,336 (59%) are US firms and the remaining 41% are foreign firms.
