All public accounting firms must be registered with the PCAOB if they wish to prepare or issue audit reports on US public companies, or to play a substantial role in preparing or issuing such reports. Registration deadlines:
- US public accounting firms – 22 October 2003
- Non-US public accounting firms – 19 April 2004
Registration will be via an on-line form on the PCAOB's Website
. The form is currently being developed, with availability expected late June or early July 2003. Applicants must pay a registration fee. Registered firms will be required to file annual reports with the PCAOB and perhaps other periodic reports.