The SEC Has Approved the Public Company Accounting Oversight Board’s Rule 6100

November 9th | 2021

Last week, the SEC announced that it has approved the Public Company Accounting Oversight Board’s (PCAOB) Rule 6100 which will establish framework for determining what registered public accounting firms located in a foreign jurisdiction (the Firms) can be investigated under the Holding Foreign Companies Accountable Act. The rule establishes factors to assess what documents and process to use in order to determine if the PCAOB will be able to inspect the Firms.

“The PCAOB’s inspection regime has unquestionably led to improved audit quality,” said SEC Acting Chief Accountant Paul Munter.