The Public Company Accounting Oversight Board has announced the formation of the Investor Advisory Group to advise the Board in carrying out its responsibilities. The Board is soliciting nominations for its membership.

“The Investor Advisory Group will provide an additional opportunity for the Board to hear from investors on a broad range of issues affecting investor protection through the oversight of registered audit firms,” said PCAOB Chairman Mark W. Olson.

Board Member Steven B. Harris will serve as the Chair of the Investor Advisory Group. “I am pleased to lead this initiative as a way to better ensure that the views of investors are carefully considered in the work of the PCAOB,” said Mr. Harris.

The Investor Advisory Group membership will represent a broad spectrum of the investment community and consist of individuals who have a demonstrated history of commitment to investor protection.

The Board is currently seeking nominations for the initial members of the Investor Advisory Group. Any person or organization may submit nominations, including self-nominations, by e-mail to InvestorAdvisoryGroup@pcaobus.org. Nominations should include the nominee’s name and contact information as well as a short biography of the nominee. The deadline for submissions is August 17, 2009. Appointments to the Investor Advisory Group will be announced by September 17, 2009 with terms beginning October 2009.

Questions concerning the nomination process should be directed to Joanne O’Rourke Hindman, Special Advisor to Board Member Steven B. Harris, at HindmanJ@pcaobus.org or 202-207-9064.

CHARTER OF THE PCAOB INVESTOR ADVISORY GROUP