Foreign firms rush to join PCAOB

Link: PCAOB urged to take lead on auditor independence

To date 1,319 firms have registered with PCAOB, with 465 – more than a third – being non-US firms from 76 countries around the world.

The figures were revealed by registration and inspections director Patricia Thompson, who said more firms were expected to do so, even though the official deadline for registration passed on 19 July, WebCPA reported.

Besides the 29 UK firms that have registered, a total of 47 Canadian accounting firms have registered along with 24 from Australia.

Other countries with high numbers of registrants include Hong Kong (20), France (19), India (19), Germany (16), and China (10).

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