PCAOB defers audit firm reporting
01 Oct 2009
The US Public Company Accounting Oversight Board has deferred the effective date of new rules and forms that require reporting by registered public accounting firms.
The rules and forms were approved by the US Securities and Exchange Commission on 13 August 2009 and were previously scheduled to take effect on 12 October 2009 – see IAS Plus News Story of 15 August 2009. The PCAOB is postponing the effective date to 31 December 2009 to resolve technical issues related to deploying the PCAOB's new Web-based system for processing and publishing filings on the new forms. The postponement will not affect the timing of the first annual reports required from registered firms, which will still be due on 30 June 2010 for the 12-month period ending 31 March 2010.
