On November 21, 2024, the Public Company Accounting Oversight Board (PCAOB or Board) voted to adopt its Firm and Engagement Metrics and Firm Reporting rules (rules or new requirements) and send them to the Securities and Exchange Commission (Commission or SEC) for approval. The Board adopted these rules despite concerns expressed by more than 70% and 85% of commenters. Given these concerns, we respectfully request the Commission consider the options it has to afford sufficient time for stakeholders to review the rules and participate in a robust comment process.
Read the full comment letter here.