In this comment letter, the CAQ responds to the PCAOB’s Firm Reporting Proposal.
Our letter expresses a number of comments and concerns regarding the reporting requirements included in the Proposal. Specifically, we are concerned that this Proposal will provide limited and uncertain benefits to stakeholders while exposing registered firms to significant costs and risks. Consequently, we are unable to support it. Our letter also provides our overall observations and recommendations as well as comments on specific aspects of firm reporting that the Proposal would require.
Read the full comment letter here.