Washington, DC, May 1, 2013
The Public Company Accounting Oversight Board is soliciting nominations for its Standing Advisory Group (SAG) for the 2014-2016 three-year term. The deadline for submissions is June 30, 2013.
The Board is seeking nominations of individuals who have expertise in accounting, auditing, corporate finance, corporate governance, and/or investing in public companies. Additionally, the Board is seeking nominations of individuals with experience in auditing or financial reporting as related to broker-dealers and smaller public companies.
"The SAG is an important part of the Board's standard-setting process," said Martin F. Baumann, PCAOB Chief Auditor and SAG Chairman. "The expertise, knowledge, and views that SAG members provide are an essential resource for the Board as it carries out its mission of protecting the interests of investors."
The SAG provides input and advice to the PCAOB on a wide range of topics related to its standard-setting activities. Recent examples of topics include going concern, related parties, and potential changes to the auditor's report.
The SAG currently has 38 members, with 13 members' terms expiring in 2013. Nominations, including self-nominations, are sought annually, and may be submitted by any person or organization. The nomination forms are available at the links below.
Appointments will be announced in November, and the new terms begin in January 2014. Membership in the advisory group is personal to the member, and the duties and responsibilities cannot be delegated to others. In addition, members are subject to certain sections of the Board's Ethics Code, as provided in the PCAOB Rule 3700, Advisory Groups.
The Board established the SAG in 2003 to advise the PCAOB on the development of auditing and related professional practice standards. The SAG includes auditors, investors, public company executives, and others. Additional information about the SAG is available on the Standing Advisory Group page of the PCAOB website.