AICPA Launches Center For Public Company Audit Firms

The SEC Practice Section is now The Center for Public Company Audit Firms.  As a voluntary membership center, it will support member firms that audit or are interested in auditing public companies with education, communication, representation and other means.

Members can use the Center as a resource and sounding board for interpreting requirements and instituting required changes from the PCAOB.

The Center is designed to:

• Provide a forum for firms to express views on technical and regulatory matters involving practice before the SEC and the PCAOB

• Enhance the quality of member firms’ public company audit practices

• Cultivate relationships, act as liaison and communicate issues with the SEC, the PCAOB, Congress, stock exchanges and others

• Advocate solutions and positions on behalf of member firms

• Administer a peer review program for member firms non-SECpractice, since PCAOB will only be inspecting issuer practices.

Current SECPS members will be automatically enrolled in both the Center and its peer review program on January 1 — so no need to act! New members can enroll by contacting Robin Johnson at (201) 938-3029.

For more information on these new and exciting changes, contact Sue Coffey at(201) 938-3177 or Jeanne Parsons at (201) 938-3099.