July 1, 2015

PCAOB’s New Concept Release on Audit Quality Indicators

Yesterday, the PCAOB issued a concept release about the content and possible uses of audit quality indicators, measures that may provide new insights into audit quality. Here’s the press release – and fact sheet.

Today, the SEC will be proposing its clawback rules finally. For those in law firms, get ready to rumble with your memo writing skills…

PCAOB: Re-Re-Proposal to Seek Engagement Partner Name in a New Form (Not the Audit Report)

Yesterday, the PCAOB also issued a supplemental request for comment on whether to require auditors to file a new PCAOB Form AP to identify the name of an audit engagement partner – a different approach than the original 2011 proposal (that was re-proposed in ’13) that would require name disclosure in the audit report itself. Comments are due by August 31st. Technically, I believe this is not a “re-re” proposal – rather, it’s a supplemental request to the re-proposal. Here’s the comments submitted to date

Our July Eminders is Posted!

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Sights of the Society of Corporate Secretaries Conference

Saw many old friends & made some new ones at last week’s annual conference for the Society of Corporate Secretaries:

Norfolk Southern’s Ginny Fogg, Mondelēz’ Carol Ward & DuPont’s Erik Hoover


CT Corp’s Tim Rooney, Sarah Brunet & Lisa Mann


Awesome Georgeson/Computershare booth staffed by Donna Ackerly, Erik Schwendeman & Kerry Anderson


Met Jim McRitchie in person for the 1st time


CSC’s Neal Smith sporting his famous jacket


– Broc Romanek