Auditors are lobbying the SEC to reject planned new disclosure rules that would require them to publicly detail metrics on partner oversight, staff training, and hours spent auditing corporate accounting.
The Public Company Accounting Oversight Board approved the measure in November, aiming to arm investors and corporate directors with long-sought details to assess the quality of auditors’ work. But the Securities and Exchange Commission has the final say over board rules and must approve the expanded transparency requirements before they could take effect in 2027.
SEC Chair Gary Gensler however faces a shrinking timeline to vet feedback and decide ...