Required Auditor Reporting of Certain Audit Participants

Overview of Form AP

• Form AP stands for Audit Participants.

• It provides visibility into audit participants beyond just the audit firm.

Contents of Form AP

• Filed with PCAOB (Public Company Accounting Oversight Board).

• Includes:

  • Name of the audit firm.

  • Name of the issuer (e.g., Costco).

  • Date of the audit report.

  • Financial statement date.

  • Engagement partner's name.

  • Participation of other auditing firms.

Filing Requirements

• Must be filed by the 35th day after the audit report date.

• If included in a registration statement, file within 10 days after that.

Inclusion in Audit Report

• Optional to include information from Form AP in the audit report:

  • Engagement partner's full name.

  • Information about other accounting firms participating in the audit.

• If using other auditors:

  • Disclose legal name, city, state, and the share of work done.

Important Note

• Even with optional inclusion, Form AP must still be filed.