Type:Notice
Citation:90 FR 9746
Reading Time:about 2 minutes
The Public Company Accounting Oversight Board (PCAOB) had filed proposed rules on Firm Reporting and Firm and Engagement Metrics with the Securities and Exchange Commission (SEC). These proposals were initially published in the Federal Register for public comment in December 2024. However, on February 11, 2025, the PCAOB decided to withdraw these proposed rules before the SEC made a final decision on them. The withdrawal means that the rules will not be adopted or enforced.
Simple Explanation
The PCAOB wanted to make new rules about how accounting companies report information, but then decided not to go ahead with these rules before anyone could say "yes" or "no" to them. Now, these rules won't be used or become a part of the law.