PCAOB to Host Round-Table Meeting, Extend Comment Period on Communications with Audit Committees


The PCAOB announced Tuesday that it will hold a public round-table meeting regarding its proposed standard on auditors’ communications with audit committees, and that it is reopening the comment period on the proposal until Oct. 21, 2010.

 

“The Sarbanes-Oxley Act strengthens the audit committee’s oversight of the audit process, and the board’s proposal seeks to further that objective,” PCAOB Acting Chairman Daniel L. Goelzer said in a news release. “The round table will be designed to explore some of the key issues commentators have raised and to develop ideas on how to improve communications between the auditor and the audit committee.”

 

The round-table meeting will include audit committee members, investors, auditors, issuers and others. The briefing paper for the event, “PCAOB Roundtable—Communications with Audit Committees,” can be found here .

 

The round-table meeting will be held Sept. 21 in Washington. It will be open to the public, and also accessible via webcast on the PCAOB website . The agenda, attendees and other details will be available closer to the meeting date.

 

On March 29, 2010, the PCAOB issued for public comment a proposed auditing standard, Communications with Audit Committees . The comment period had closed on May 28. 

 

Comments may be submitted to the Office of the Secretary, PCAOB, 1666 K Street N.W., Washington, DC 20006-2803, or by e-mail to comments@pcaobus.org, or through the PCAOB’s website.

 

All comments should refer to PCAOB Rulemaking Docket Matter No. 030 in the subject or reference line and should be received by the PCAOB no later than 5 p.m. ET on Oct. 21, 2010. All comments will be made public.

 

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