SEC Approves PCAOB Related-Party Auditing Standards

SEC Approves PCAOB Related-Party Auditing Standards

Blog Keeping Current: Disclosure and Governance Developments

On October 21, the Securities and Exchange Commission approved the Public Company Accounting Oversight Board's new and amended auditing standards regarding related party transactions, significant and unusual transactions and financial relationships and transactions with executive officers. The standards will apply to audits of emerging growth companies. (See this previous post and this post for more information about the standards.) The new standards will be effective for audits of fiscal years beginning after 12/15/14 and interim periods within those years.

More from this series


Unless you are an existing client, before communicating with WilmerHale by e-mail (or otherwise), please read the Disclaimer referenced by this link.(The Disclaimer is also accessible from the opening of this website). As noted therein, until you have received from us a written statement that we represent you in a particular manner (an "engagement letter") you should not send to us any confidential information about any such matter. After we have undertaken representation of you concerning a matter, you will be our client, and we may thereafter exchange confidential information freely.

Thank you for your interest in WilmerHale.