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AICPA Urges SEC to Halt PCAOB’s New Audit Metrics
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Subscribe26 DEC 2024 / AICPA UPDATES
The American Institute of CPAs (AICPA) is opposing the Public Company Accounting Oversight Board’s (PCAOB) new Firm and Engagement Metrics and Firm Reporting rule, arguing that it places undue burden on micro and medium-scale audit firms. The AICPA claims that the new regulations, which increase transparency around workload, training, and experience, unfairly affect smaller firms resulting in higher audit fees, decreased competition, and limiting their capacity to scale.
Looks like we’ve got a classic standoff brewing in the world of accounting. The American Institute of CPAs (AICPA) is taking a hard pass on the Public Company Accounting Oversight Board’s (PCAOB) new Firm and Engagement Metrics and Firm Reporting rule, an...
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