PCAOB Issues Updated Staff Guidance for Firms Filing Form AP
January 26, 2017
The PCAOB today issued updated staff guidance for firms filing the new Form AP.
Staff Guidance on Form AP, Auditor Reporting of Certain Audit Participants and Related Voluntary Audit Report Disclosure Under AS 3101, Reports on Audited Financial Statements was recently updated with a few technical clarifications. The most significant change is the addition of an explanation of the filing deadline for issuers that do not file reports with the Securities and Exchange Commission.
The staff guidance issued today replaces the June 28, 2016, version and should be used by firms going forward. Staff may update this guidance as needed.
Under rules adopted by the PCAOB, registered audit firms are required to submit Form AP to disclose the names of engagement partners and other accounting firms that participated in audits of public companies.