The Public Company Accounting Oversight Board proposed amendments to Auditing Standards 6101 on November 3, 2026. The changes aim to update how auditors provide negative assurance in comfort letters for securities offerings. Currently, a 135-day limit prevents auditors from offering assurance during certain periods, which can restrict issuer access to capital markets. The proposal replaces this fixed limit with references to the next annual or interim filing deadline. This adjustment is intended to eliminate gaps in assurance coverage, particularly if the SEC adopts optional semiannual reporting.
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