The attached issue of Heads Up summarizes some of the Public Company Accounting Oversight Board's (PCAOB) more significant recent activities, including (1) the proposal of a new auditing standard on engagement quality review; (2) amendment of the existing tax services rule for auditing firms (PCAOB Rule No. 3523, Tax Services for Persons in Financial Reporting Oversight Roles); and (3) adoption of a new ethics and independence rule (PCAOB Rule No. 3526, Communication With Audit Committees Concerning Independence).

Read more in the file attached below or visit the Heads Up Archive for past issues.

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