PCAOB to Consider a Proposal for the Reorganization of Auditing Standards
by Terri Eyden on
The Public Company Accounting Oversight Board (PCAOB) has scheduled an open meeting for 9:30 a.m. on Tuesday, March 26, to consider issuing for public comment a proposal for the reorganization of PCAOB auditing standards.
Under consideration is a potential framework for reorganizing the board's existing interim and PCAOB-issued auditing standards into a topical structure with a single integrated numbering system, along with certain implementing amendments to its rules and standards.
The proposed reorganization is intended to present the standards in a logical order that generally follows the flow of how one conducts an audit. The proposed reorganization also is intended to help users navigate the standards more easily.
The meeting is open to the public and will take place in the board's meeting room at 1666 K Street NW, Washington, DC. A webcast via a link on the PCAOB website will be made available the day of the meeting. The meeting also will be available via podcast later in the day.
Source: March 21, 2013, PCAOB Press Release