PCAOB proposes to amend rule governing associated person liability

Rule 3502 stipulates the liability of associated persons who contribute to a registered public accounting firm’s violations.

On Tuesday, the Public Company Accounting Oversight Board (PCAOB) issued a proposal that would update a nearly 20-year-old rule to allow the agency to hold associated persons accountable when they negligently, directly, and substantially contribute to firms’ violations.

Issued for public comment, the proposal would amend PCAOB Rule 3502 or the Responsibility Not

Free Trial

Register for free to keep reading.

To continue reading this article and unlock full access to GRIP, register now. You’ll enjoy free access to all content until our subscription service launches in early 2026.

  • Unlimited access to industry insights
  • Stay on top of key rules and regulatory changes with our Rules Navigator
  • Ad-free experience with no distractions
  • Regular podcasts from trusted external experts
  • Fresh compliance and regulatory content every day
Register for free Already a member? Sign in