PCAOB
Auditing firms will be required to disclose the names of other firms that participated in an audit, effective June 30.
The Public Company Accounting Oversight Board issued a reminder that the new requirement will be taking effect on June 30. Auditing firms will be required to disclose the names of other participating firms on Form AP, which firms registered with the PCAOB began filing with the PCAOB earlier this year.
The initial requirement was for firms to disclose the name of the engagement partner who served on the audit for the most recent period. After June 30, 2017, firms will need to disclose on Form AP information about other accounting firms that participated in the audit.
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