PCAOB meets to consider foreign audit firms
The US Public Company Accounting Oversight Board is to meet today to decide whether it will seek comment on proposed rules relating to the oversight of non-US audit firms.
Link: Big Four want clearer US guidance
At a meeting to be held at 7pm GMT in Washington DC, the board will look at the briefing paper it published at the end of October. The paper suggests allowing, in certain circumstances, for inspection of non-US firms to be carried out in a co-operative manner with oversight bodies from other countries.
The board will also consider whether to seek comment on changes to its existing registration rules that would allow non-US firms an extra 90 days to register.