Two PCAOB proposals issued for public comment Tuesday, April 9, would require firms to report new metrics and information about themselves to the federal board overseeing public company audits.
The Firm and Engagement Metrics proposal would require PCAOB-registered public accounting firms that audit one or more issuers that qualify as an accelerated filer or large accelerated filer to publicly report specified metrics relating to such audits and their audit practice.
The Firm Reporting proposal would amend the PCAOB's annual and special reporting requirements to facilitate the disclosure of more complete, standardized and timely information.
PCAOB will accept public comments on the proposals through Friday, June 7.