Accounting Watchdog Revives Audit Partner ID Proposal

Law360, New York (December 4, 2013, 5:21 PM EST) -- The top U.S. accounting watchdog on Wednesday reissued a proposal that would require auditing firms to identify the lead partner and any other firms that contributed to an audit report in a bid to boost transparency for investors.

The proposal from the Public Company Accounting Oversight Board would require auditing firms to include the name of the engagement partner that led the review that resulted in the most recent report, as well as the identities and extent of contributions from any outside auditing or consulting firms...
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