Auditors risk losing their ability to vet the books of listed companies if they fall behind on paying regulatory fees and submitting certain firm details under a rule change the US accounting oversight board approved on Thursday.
The Public Company Accounting Oversight Board aims to clean up its list of roughly 1,500 registered auditors by automatically ending the registration of firms that are two consecutive years delinquent in paying a required annual fee and filing their annual report to the US audit regulator. The PCAOB unanimously voted to adopt the rule changes and send the reforms to the Securities and ...
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