PCAOB Solicits Nominations For Advisory Group

The Public Company Accounting Oversight Board is now soliciting nominations for members of a standing advisory group that will assist the Board in carrying out its standards-setting responsibilities for auditing.

The advisory group will consist of approximately 25 members with expertise in a variety of fields, including accounting, auditing, corporate finance and corporate governance, and investing in public companies.

Members will be selected by the Board based on nominations, including self-nominations, received from any person or organization. The nomination forms are available under Standards on the Board’s Web site, www.pcaobus.org. The deadline for submissions is Monday, Dec. 22, 2003.

The group’s first Chair will be the Board's Chief Auditor and Director of Professional Standards, Douglas R. Carmichael, who will prepare the meeting agendas, organize and oversee meetings, and act as the liaison to the Board. Membership in the advisory group is personal to the member, and the duties and responsibilities of the member cannot be delegated to others. Members will be subject to certain sections of the Board's Ethics Code, as well as other conditions provided in Rule 3700, a rule on the formation of advisory groups.

Section 103(a) (4) of the Sarbanes-Oxley Act provides that the Board may form an advisory group to assist it in carrying out its standards-setting responsibilities. Rule 3700 became effective October 31, 2003, with the approval of the U.S. Securities and Exchange Commission. The rule can be found under Rulemaking on the Board’s Web site, www.pcaobus.org.

Media Inquiries: Public Affairs, 202-207-9227

You may like these other stories...

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...
Read more from Larry Perry here and in the Today’s World of Audits archive.In my last article, I presented an overview of one of the first steps in the preplanning phase of an audit engagement: reviewing prior year...
Read more from Larry Perry here and in the Today’s World of Audits archive.AU-C Section 800, Special Considerations—Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks (SPFs),...

Already a member? log in here.

Upcoming CPE Webinars

Oct 30Many Excel users have a love-hate relationship with workbook links.
Nov 5Join CPA thought leader and peer reviewer Rob Cameron and learn ways to improve the outcome of your peer reviews while maximizing the value of your engagement workflow.
Nov 12This webcast presents basic principles of revenue recognition, including new ASU 2014-09 for the contract method. Also, CPAs in industries who want a refresher on revenue accounting standards will benefit.
Nov 18In this session Excel expert David Ringstrom, CPA tackles what to do when bad things happen to good spreadsheets.