This letter submitted to the Securities and Exchange Commission (SEC or Commission) represents the views of the Audit Committee Council (ACC) regarding the final rules adopted by the Public Company Accounting Oversight Board on November 21, 2024 (File Nos. PCAOB 2024 – 06 and PCAOB 2024 – 07) and filed with the SEC on November 22, 2024, in Release Nos. 34- 101724 and 34-101723 related to Rules on Firm and Engagement Metric and Firm Reporting.
In the ACC’s view, it is not in the public interest for the SEC to approve these Final Rules, nor would doing so further the protection of investors.
Read the full comment letter here.