Notice2024-14819
Public Company Accounting Oversight Board; Extension of Comment and Approval Periods for Proposed Rules on General Responsibilities of the Auditor in Conducting an Audit and Amendments to PCAOB Standards and A Firm's System of Quality Control and Related Amendments to PCAOB Standards
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
July 8, 2024
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 89 Issue 130 (Monday, July 8, 2024)</title>
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[Federal Register Volume 89, Number 130 (Monday, July 8, 2024)]
[Notices]
[Page 55993]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-14819]
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SECURITIES AND EXCHANGE COMMISSION
[Release Nos. 34-100451; File Nos. PCAOB-2024-01, PCAOB-2024-02]
Public Company Accounting Oversight Board; Extension of Comment
and Approval Periods for Proposed Rules on General Responsibilities of
the Auditor in Conducting an Audit and Amendments to PCAOB Standards
and A Firm's System of Quality Control and Related Amendments to PCAOB
Standards
July 1, 2024.
On June 5, 2024, the Public Company Accounting Oversight Board
(``PCAOB'') filed with the Securities and Exchange Commission
(``Commission''), pursuant to section 19(b)(1) of the Securities
Exchange Act of 1934 (``Act'') \1\ and Rule 19b-4 thereunder,\2\ the
proposed rules referenced above (collectively, the ``proposed rules'').
The proposed rules were published for comment in the Federal Register
on June 11, 2024.\3\ The Commission provided a 21-day public comment
period for the proposed rules,\4\ which is scheduled to end on July 2,
2024.
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\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ See Securities Exchange Act Release Nos. 34-100276 and 34-
100277 (June 5, 2024) [89 FR 49730 and 89 FR 49588 (June 11, 2024)].
\4\ See id.
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Section 19(b)(2) of the Act \5\ provides that no later than 45 days
after the date of the publication of notice of the filing of a proposed
rule change, or within such longer period up to 90 days as the
Commission may designate if it finds such longer period to be
appropriate and publishes its reasons for so finding or as to which the
self-regulatory organization \6\ consents, the Commission shall either
approve or disapprove the proposed rule change, or institute
proceedings to determine whether the proposed rule change should be
disapproved. The 45th day after publication of the notice for the
proposed rules is July 26, 2024.
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\5\ 15 U.S.C. 78s(b)(2).
\6\ The term ``self-regulatory organization'' includes a
``registered securities association.'' See section 3(a)(26) of the
Act. Section 107(b)(4) of the Sarbanes-Oxley Act of 2002 states that
the provisions of section 19(b)(1)-(3) of the Act shall govern the
proposed rules of the PCAOB as fully as if the PCAOB were a
registered securities association for purposes of that Section.
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To provide additional time for public comment on the proposed rules
and the issues raised therein, the Commission has determined to extend
the comment period for the proposed rules for an additional 14 days. To
accommodate the longer comment period and consideration of such
comments, the Commission finds it appropriate to also extend the time
period within which the Commission must take action on the proposed
rules for up to 30 days. Accordingly, the Commission is extending the
public comment period until July 16, 2024, and, pursuant to section
19(b)(2) of the Act,\7\ extends the date by which the Commission shall
either approve or disapprove, or institute proceedings to determine
whether to disapprove, the proposed rules to August 25, 2024 (File Nos.
PCAOB-2024-01, PCAOB-2024-02).
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\7\ 15 U.S.C. 78s(b)(2).
For the Commission, by the Office of the Chief Accountant.
Vanessa A. Countryman,
Secretary.
[FR Doc. 2024-14819 Filed 7-5-24; 8:45 am]
BILLING CODE 8011-01-P
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</html>Indexed from Federal Register on July 8, 2024.
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