backOn July 10, 2026, the PCAOB’s Enforcement staff revised its Statement on Recommending the Naming of Issuers and Broker-Dealers in Settled Disciplinary Orders. The revised Staff Statement provides that in matters that involve alleged deficiencies in the performance of an audit, staff generally recommend that the settled order identify any issuer or broker-dealer only if: (1) “[t]he issuer or broker-dealer previously has publicly disclosed or admitted to concerns regarding the financial statements or internal control over financial reporting that are relevant to the matter”; (2) “[a] separate regulator has taken—or plans to take—public action against the issuer or broker-dealer or its directors or officers related to the core facts relevant to the matter”; or (3) “[t]he issuer or broker-dealer, or any of its directors or officers, has been found in a public proceeding to have engaged in misconduct relevant to the matter.” Before this revision, the Staff generally recommended, in matters involving alleged audit deficiencies, that the settled order name the issuer. The Board’s two enforcement settlements issued this week followed the Staff’s revised guidance and anonymized the relevant issuers.
The revised Staff Statement is available here.