Audit Standards on PCAOB Open Meeting Agenda

The Public Company Accounting Oversight Board (PCAOB) said it will consider proposing an auditing standard, Evaluating Consistency of Financial Statements, and related amendments to the board's interim standards regarding the auditor's responsibilities to evaluate and report on matters relating to the consistency of the financial statements.

In addition, the board will consider proposing amendments to the board's interim auditing standards that would remove the hierarchy of generally accepted accounting principles from the auditing standards in light of the proposal by the Financial Accounting Standards Board to place the hierarchy in the accounting standards.

The board also will consider issuing a concept release regarding one part of Rule 3523, Tax Services for Persons in Financial Reporting Oversight Roles, and adjusting the implementation schedule for that part of Rule 3523.

An open meeting is scheduled for Tuesday, April 3, at 9:30 a.m., in the board’s open meeting room at 1666 K St. NW, Washington, D.C. The meeting will be available via Webcast and open to the public.