3 Sep 2025
📊PCAOB Delays Effective Date for Quality Control Standards
Public Company Accounting Oversight Board; Notice of Filing and Immediate Effectiveness of Proposed Rule Change Postponing the Effective Date of Amendments to Board Standards, Rules, and Forms Adopted on May 13, 2024
Summary
The Public Company Accounting Oversight Board (PCAOB) proposed delaying the effective date for new quality control standards, originally set for December 15, 2025, to December 15, 2026. This change aims to provide firms additional time to address implementation challenges, ensuring robust compliance with new standards and rules adopted on May 13, 2024.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change from the PCAOB delays the effective date of significant quality control standards that affect public accounting firms. This extension allows firms more time to comply, which is crucial for business owners and executives involved in audits, influencing their operational readiness and compliance costs.