AS 1310: Notification of Termination of the Auditor-Issuer Relationship (effective on 12/15/2025)

The following new standard, AS 1310, Notification of Termination of the Auditor-Issuer Relationship, has been adopted by the PCAOB and approved by the U.S. Securities and Exchange Commission. The new standard will be effective on December 15, 2025. See PCAOB Release No. 2024-005, SEC Release No. 34-100968.

Summary Table of Contents 

• .01  Objective
• .02  Circumstances Requiring Notifications
• .03  Timing of Notification
• .04  Form of Notification to the SEC
• Footnote (AS 1310, Notification of Termination of the Auditor-Issuer Relationship):

Objective

.01        The objective of the auditor is to ensure that the issuer and the SEC are notified when the relationship between an auditor and an issuer it has audited has ended.¹

Circumstances Requiring Notification

.02        If

1. the principal auditor who was previously engaged to audit the financial statements of an issuer, or an other auditor whose report is being referenced in the principal auditor’s report on the financial statements of an issuer regarding a significant subsidiary, resigns (or declines to stand for re-appointment after completion of the current audit) or is dismissed; and
2. the issuer does not report an auditor change by filing a timely current report on Form 8-K;

 the auditor should notify the issuer and the SEC in writing that the auditor-issuer relationship has ended.

Timing of Notification

.03        The auditor should send the notice to the issuer and the SEC by the end of the fifth business day following the auditor’s determination that the auditor-issuer relationship has ended.

Form of Notification to the SEC

.04        The notice to the SEC should be submitted in the form and with the content described on the webpage of the SEC’s Office of the Chief Accountant, or as the SEC may otherwise direct.