PCAOB Solicits Nominations for Standing Advisory Group

The Public Company Accounting Oversight Board is soliciting nominations for its Standing Advisory Group.

The Standing Advisory Group was created in 2003 to advise the Board in carrying out its standard-setting responsibilities. The Board values the diverse expertise of the group and its input in developing standards. The group currently consists of 33 members with expertise in a variety of fields, including accounting, auditing, corporate finance, corporate governance, and investing in public companies. The group is chaired by the Board’s Chief Auditor and Director of Professional Standards, Martin F. Baumann.

The Board solicits nominations annually and is currently seeking appointments for the 2010-2011, two-year term. Nominations, including self-nominations, may be submitted by any person or organization. The nomination forms are available at the link below. The deadline for submissions is June 18, 2009.

Appointments will be announced by the end of October, and the new terms begin in January 2010. Membership in the advisory group is personal to the member, and its 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 PCAOB Rule 3700, Advisory Groups.