Yesterday, the PCAOB announced that it will convene an open meeting on June 9 to consider proposed amendments to QC 1000, A Firm’s System of Quality Control, the PCAOB’s audit firm quality control standard, which is set to go effective on December 15, 2026.

QC 1000 was approved by the SEC back in September 2024, and the effective date of the new standard was postponed last August. At the time, Reuters had reported that SEC Chairman Paul Atkins had pushed for a delay, due to feedback from audit firms. Earlier this year, the Financial Times reported that new PCAOB Chairman Jim Logothetis had indicated that he planned to seek narrow changes to the new standard.

– Dave Lynn