PCAOB Q&A on audit firm annual reports

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20 Jun 2010

The US Public Company Accounting Oversight Board has published staff guidance, in the form of questions and answers, about the requirement that registered public accounting firms file annual reports with the PCAOB on Form 2. Beginning in 2010, all firms that are registered with the PCAOB as of 31 March of a particular year must, by 30 June of that year, file an annual report on Form 2 covering the 12-month period ending March 31. Information to be reported annually includes, among other things, information about audit reports issued, disciplinary histories of new personnel, and certain information about fees billed to issuer audit clients for various categories of services.

PCAOB rules on annual reporting became effective on 31 December 2009 and, therefore, all firms registered with the Board on 31 March 2010, must file an annual report on Form 2 by 30 June 2010. Click to download PCAOB Staff Q&A on Form 2 (PDF 191k).


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