The Public Company Accounting Oversight Board has proposed for a second time the idea of requiring auditor reports to disclose the names of the lead partner on an audit engagement and some of the other individuals and firms who participated in audits of public companies, brokers and dealers.

The amendments would require disclosure in the auditor’s report of the name of the engagement partner who led the audit for the most recent period, along with the names, locations and extent of participation—as a percentage of the total audit hours—of other public accounting firms that took part in the audit, and the locations and extent of participation of any other individuals or companies not employed by the auditor who also performed procedures on the audit.

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