PCAOB Announces Standing Advisory Group Meeting
The Public Company Accounting Oversight Board announced this week that it has scheduled a Standing Advisory Group meeting for November 17 and 18 to discuss potential future auditing and related professional practice standards, as well as a proposed standards-setting agenda for 2005.
The group will meet on Wednesday, November 17, from 1:30 to 5:15 p.m., and on Thursday, November 18, from 8:30 a.m. to 3:30 p.m. The meeting will be held in the Phillips Collection Ballroom at the Radisson Barceló Hotel, 2121 P St, NW, Washington, DC.
The items to be considered by the advisory group include the relative authority of auditing guidance in the Board’s interim auditing standards, the codification of auditing standards, the elements of quality control, the reporting on the correction of material weakness, and the implementation of Section 404 of the Sarbanes-Oxley Act regarding internal control over financial reporting.