PCAOB Adds Inspection Rules Changes to Open Meeting Agenda

The Public Company Accounting Oversight Board (PCAOB) will consider whether to adopt a rule temporarily adjusting the minimum frequency with which the Board inspects registered public accounting firms having 100 or fewer issuer audit clients, at the open meeting scheduled for 9:30 a.m. Tuesday, December 19, 2006, in Washington, D.C.


Advertisement



Also added to the meeting’s agenda is the consideration of technical amendments to correct non-substantive points in other Board inspection rules. As previously announced, the Board will consider whether to propose for public comment a new auditing standard to supersede the Board’s existing auditing standards on internal control over financial reporting and other related proposals.

The meeting is open to the public and will also be webcast on the PCAOB web site.

You may like these other stories...

The Public Company Accounting Oversight Board (PCAOB) and the Danish Business Authority (DBA) entered into a cooperative arrangement on July 18 that gives both regulators oversight of audit firms in their respective...
Staff guidance released by the Public Company Accounting Oversight Board (PCAOB) on Thursday will assist auditors of brokers and dealers registered with the US Securities and Exchange Commission (SEC) plan and perform audits...
The Public Company Accounting Oversight Board (PCAOB) on Tuesday adopted a new auditing standard and amendments in three areas of the audit that could pose an increased risk of material misstatement in company financial...

Upcoming CPE Webinars

Aug 5
This webcast will focus on accounting and disclosure policies for various types of consolidations and business combinations.
Aug 20
In this session we'll review best practices for how to generate interest in your firm’s services.
Aug 21
Meet budgets and client expectations using project management skills geared toward the unique challenges faced by CPAs. Kristen Rampe will share how knowing the keys to structuring and executing a successful project can make the difference between success and repeated failures.
Aug 28
Excel spreadsheets are often akin to the American Wild West, where users can input anything they want into any worksheet cell. Excel's Data Validation feature allows you to restrict user inputs to selected choices, but there are many nuances to the feature that often trip users up.