Just three weeks before the Securities and Exchange Commission is to finalise the new rules, Wyman is to meet tomorrow with senior officials from the US regulator to attempt to persuade them to exempt European accountants from the rules.
The rules will affect around 700 non-US companies that are listed on the US stock exchange, and their auditors.
Wyman told the FT: ‘I will be arguing that for non-US companies with a listing in the US, there should not be further SEC rules for a long enough period to allow for meaningful discussions about their implications.’
Simon Wright of CareersinAudit.com discusses how an effective cyber defence force is critical to businesses worldwide and how internal auditors can make the transition to a new career in cyber security
The FRC has said that the investigation will 'consider, but not be restricted to, issues regarding misstated accounting balances'
Craig Maxwell joins the audit and assurance team in Scotland
Stephen Grayson to join the audit department in Manchester