PCAOB Registration for Mercer & Hole
Mercer & Hole is delighted to announce that the firm has been registered under the US’s Public Company Accounting Oversight Board (PCAOB).
As a result of this registration, Mercer & Hole can now act for UK subsidiaries of listed US companies, even when the UK company is a ‘substantial’ part of the group.
The PCAOB is a US private sector, non-profit organisation, created to oversee the auditors of public companies in the US. Its role is to ensure that all US public company audits are undertaken with high standards of quality, independence and ethics. To ensure this, the PCAOB requires all firms involved in such audits to register with them.
Mercer & Hole is already experienced in working for a large number of foreign companies (particularly in America, Europe and the Far East) with subsidiaries in the UK. Acting as business advisers, we provide business development and business planning guidance and provide a wide range of services including payroll, accounts preparation, tax planning and tax compliance work and also audit services for private US companies. Registration under the PCAOB will now allow us to provide audit services to quoted US companies. Partners Gary Farnes and Andy Crook will be heading up our team working on PCAOB work.
Joining the PCAOB is part of Mercer & Hole’s commitment to provide international services to UK companies and foreign organisations. We are a member of TIAG – The International Accounting Group. Through TIAG, and its sister legal network TAGLaw, we are able to help clients with tax, accounting or even legal assistance abroad.
Speaking of the PCAOB registration Senior Partner, Howard Wilkinson said; ‘We are delighted that our application for registration has been accepted. We hope that this will give clients and potential clients comfort over the quality control procedures that we have in place for any audit or non-audit work they may wish to have undertaken in the UK’.
