The precedence effect provides a novel way to examine the role of attention in auditory object formation. When presented with two identical sounds from different locations separated by a short stimulus onset asynchrony (SOA), listeners report a single auditory object at the location of the lead sound. When the SOA is above the echo threshold, listeners report hearing two auditory objects with different locations. Event-related potential (ERP) studies have shown that the number of perceived auditory objects is reflected in an object-related negativity (ORN) 100-250 ms after onset and in a posterior late positivity (LP) 300-500 ms after onset. In the present study, we tested whether these ERP effects are modulated by attention by presenting lead/lag click pairs at and around listeners' echo thresholds, while in separate blocks the listeners (1) attended to the sounds and reported whether the lag sound was a separate source, and (2) performed a two-back visual task. When attention was directed away from the sounds, neither the ORN nor the LP observed in the attend condition was evident. Instead, unattended click pairs above the echo threshold elicited an anterior positivity 250-450 ms after onset. However, an effect resembling an ORN was found in comparing the ERPs elicited by unattended click pairs with SOAs below the attended echo threshold, indicating that the echo threshold may have been lowered when attention was directed away from the sounds. These results suggest that attention modulates early perceptual processes that are critical for auditory object formation.