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[Federal Register Volume 90, Number 11 (Friday, January 17, 2025)]
[Notices]
[Page 6036]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-01160]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-102179; File Nos. PCAOB-2024-06, PCAOB-2024-07]

Public Company Accounting Oversight Board; Extension of Comment 
Period and Notice of Designation of Longer Period for Commission Action 
on Proposed Rules on Firm Reporting and Firm and Engagement Metrics and 
Related Amendments to PCAOB Standards

January 14, 2025.
    On November 22, 2024, the Public Company Accounting Oversight Board 
(``PCAOB'') filed with the Securities and Exchange Commission 
(``Commission''), pursuant to Section 19(b)(1) of the Securities 
Exchange Act of 1934 (``Act'') \1\ and Rule 19b-4 thereunder,\2\ 
proposed rules on (1) Firm Reporting (``Firm Reporting'') and (2) Firm 
and Engagement Metrics and Related Amendments to PCAOB Standards 
(``Firm and Engagement Metrics''). The proposed rules on Firm Reporting 
were published for comment in the Federal Register on December 5, 
2024,\3\ and the proposed rules on Firm and Engagement Metrics were 
published for comment in the Federal Register on December 11, 2024.\4\ 
The Commission provided a 21-day public comment period for the proposed 
rules,\5\ which ended on December 26, 2024 for Firm Reporting and on 
January 2, 2025 for Firm and Engagement Metrics.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Public Company Accounting Oversight Board; Notice of 
Filing of Proposed Rules on Firm Reporting, Release No. 34-101723 
(Nov. 25, 2024) [89 FR 96712 (Dec. 5, 2024)].
    \4\ See Public Company Accounting Oversight Board; Notice of 
Filing of Proposed Rules on Firm and Engagement Metrics and Related 
Amendments to PCAOB Standards, Release No. 34-101724 (Nov. 25, 2024) 
[89 FR 99968 (Dec. 11, 2024)].
    \5\ See supra notes 3 and 4.
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    Section 19(b)(2) of the Act \6\ provides that no later than 45 days 
after the date of the publication of notice of the filing of a proposed 
rule change, or within such longer period up to 90 days as the 
Commission may designate if it finds such longer period to be 
appropriate and publishes its reasons for so finding or as to which the 
self-regulatory organization \7\ consents, the Commission shall either 
approve or disapprove the proposed rule change, or institute 
proceedings to determine whether the proposed rule change should be 
disapproved. The 45th day after publication of the notice for the 
proposed rules on Firm Reporting is January 19, 2025. The 45th day 
after publication of the notice for the proposed rules on Firm and 
Engagement Metrics is January 25, 2025.
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    \6\ 15 U.S.C. 78s(b)(2).
    \7\ The term ``self-regulatory organization'' includes a 
``registered securities association.'' See Section 3(a)(26) of the 
Act. Section 107(b)(4) of the Sarbanes-Oxley Act of 2002 states that 
the provisions of Sections 19(b)(1) through (3) of the Act shall 
govern the proposed rules of the PCAOB as fully as if the PCAOB were 
a ``registered securities association'' for purposes of that 
Section.
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    To provide additional time for public comment on the proposed rules 
and the issues raised therein, the Commission has determined to extend 
the comment periods for the proposed rules for an additional 21 days 
from the date of the issuance of this notice. To accommodate the longer 
comment periods and consideration of such comments, the Commission 
finds it appropriate to also extend the time periods within which the 
Commission must take action on the proposed rules for up to 45 days.
    Accordingly, the Commission is extending the public comment periods 
for the proposed rules on Firm Reporting and Firm and Engagement 
Metrics until February 4, 2025, and, pursuant to Section 19(b)(2) of 
the Act,\8\ extends the date by which the Commission shall either 
approve or disapprove, or institute proceedings to determine whether to 
disapprove, the proposed rules on Firm Reporting to March 5, 2025 (File 
No. PCAOB-2024-07) and the proposed rules on Firm and Engagement 
Metrics to March 11, 2025 (File No. PCAOB-2024-06). Please note that 
comments previously received on the proposed rules will be considered 
together with comments submitted in response to this notice. Therefore, 
while commenters are free to submit additional comments at this time, 
they need not re-submit earlier comments.
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    \8\ 15 U.S.C. 78s(b)(2).
    \9\ 17 CFR 200.30-11(b)(3).

    For the Commission, by the Office of the Chief Accountant, 
pursuant to delegated authority.\9\
Vanessa A. Countryman,
Secretary.
[FR Doc. 2025-01160 Filed 1-16-25; 8:45 am]
BILLING CODE 8011-01-P
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