PCAOB Proposes Standards On Related Parties, Significant Transactions, Broker-Dealers
Last week, the Public Company Accounting Oversight Board (PCAOB) voted to release two sets of proposed rules for public comment. The first proposal, on which comments are due May 15, addresses related parties and significant, unusual transactions. The second proposal, on which comments are due April 30, implementing some requirments from the Dodd-Frank Act relating to audits of broker-dealers. Read more about the PCAOB's proposals here.