PCAOB Seeks Comments on Proposed Rule Prohibiting False or Misleading Statements on PCAOB Oversight

On March 12, 2024, the PCAOB Office of the Investor Advocate issued an Investor Bulletin inviting comments on the PCAOB rule proposal prohibiting “false or misleading statements about a firm’s registration status, including the extent of PCAOB oversight of a firm’s services.” The PCAOB currently lacks any rule governing how a registrant may leverage the significance of PCAOB registration or oversight in marketing and other statements to clients, potential clients, or the public.

 

Public comments, including from investors, are due by April 12, 2024. The full rule proposal can be found here and the Investor Bulletin is available here.