1666 K Street, NW Washington, D.C. 20006 Telephone: (202) 207-9100 Facsimile: (202) 862-8430 www.pcaobus.org ) ) IMPROVING THE TRANSPARENCY OF AUDITS: ) PCAOB Release No. 2011-007 PROPOSED AMENDMENTS TO PCAOB ) October 11, 2011 AUDITING STANDARDS AND FORM 2 ) ) PCAOB Rulemaking ) Docket Matter No. 29 ) ) ) Summary: The Public Company Accounting Oversight Board ("PCAOB" or "Board") is soliciting public comment on amendments to its standards that would improve the transparency of public company audits. The proposed amendments would: (1) require registered public accounting firms to disclose the name of the engagement partner in the audit report, (2) amend the Board’s Annual Report Form to require registered firms to disclose the name of the engagement partner for each audit report already required to be reported on the form, and (3) require disclosure in the audit report of other independent public accounting firms and other persons that took part in the audit. Public Comment: Interested persons may submit written comments to the Board. Such comments should be sent to the Office of the Secretary, PCAOB, 1666 K Street, N.W., Washington, D.C. 20006-2803. Comments also may be submitted by e-mail to
[email protected] or through the Board's Web site at www.pcaobus.org. All comments should refer to PCAOB Rulemaking Docket Matter No. 29 in the subject or reference line. Comments should be received by the Board no later than 5:00 PM EDT on January 9, 2012. Board Contacts: Jennifer Rand, Deputy Chief Auditor (202/207-9206,
[email protected]); Dima Andriyenko, Associate Chief Auditor (202/207-9130,
[email protected]); and Lisa Calandriello, Assistant Chief Auditor (202/207-9337,
[email protected]).