US transparency rules might force auditor into spotlight
US audit engagement partners might be forced to put their name to reports under new proposals from the PCAOB
US WATCHDOG the PCAOB might force audit engagement partners to put their name to reports, as part of new proposals to boost transparency in public company audit.
The regulator is considering requirements to disclose engagement partners’ names on audits already included in the Board’s Annual Report Form, as well as disclosure of other firms and participants involved in the audit.
The name disclosure idea builds upon measures first mooted in a 2009 concept release, and an open meeting to discuss the issues is scheduled for 11 October.