At Nov. 21 Open Meeting, PCAOB to Consider Adoptions Related to Firm and Engagement Metrics, Firm Reporting; 2025 Budget

The Public Company Accounting Oversight Board (PCAOB) will hold an open meeting at 10:00 a.m. ET on Thursday, November 21, 2024. At the meeting, the Board will consider the following:

• Adoption of requirements for reporting of specified firm-level metrics on new Form FM, Firm Metrics, and specified engagement-level metrics on an amended and renamed Form AP, Audit Participants and Metrics.

• Adoption of amendments to PCAOB annual and special reporting requirements to facilitate the disclosure of more complete, standardized, and timely information by registered public accounting firms.

• Adoption of the PCAOB budget for the 2025 fiscal year. The PCAOB's 2022-2026 strategic plan, approved by the Board in 2022, guides the development of the organization's budget. The Sarbanes-Oxley Act of 2002 requires the PCAOB to establish a budget for each fiscal year (which for the PCAOB is the calendar year) no later than one month prior to the commencement of that fiscal year. If approved by the Board, the 2025 budget will be submitted to the U.S. Securities and Exchange Commission for approval, as required by the Sarbanes-Oxley Act.

The public may join the meeting in watch-only or listen-only mode using the following information.

• Join by Webex link:
  PCAOB Open Meeting - November 21, 2024
  When you join the meeting, if you would like to connect your audio via phone, you can receive a call back by providing your phone number in the prompt. You can also join by audio only by calling one of the dial-in numbers in the "Join by phone" section below and entering the access code and password.

• Join by Webex number:
  Webex number: 2301 316 6479
  Webex password: rJD2Y73P7rc

• Join by phone:
  Call either of the numbers below and enter the access code and password, each followed by #.
  U.S. toll free: 1-844-621-3956
  U.S. toll: 1-415-655-0001
  Access code: 230 131 66479
  Password: 75329737

A recording will be made publicly available on our website following the meeting.

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About the PCAOB

The PCAOB is a nonprofit corporation established by Congress to oversee the audits of public companies in order to protect investors and further the public interest in the preparation of informative, accurate, and independent audit reports. The PCAOB also oversees the audits of brokers and dealers registered with the Securities and Exchange Commission, including compliance reports filed pursuant to federal securities laws.

Contact

PCAOB Office of Communications and Engagement
[email protected]