Washington, D.C., June 19, 2008
The Public Company Accounting Oversight Board announced the names of the panelists who will participate in its Roundtable discussion next week on a proposal regarding the circumstances in which it could maximize its reliance under Rule 4012 on non-U.S. auditor oversight bodies in the context of inspections.
The PCAOB will host the roundtable on Wednesday, June 25, 2008 from 1:30 p.m. to 5 p.m., at the Army-Navy Club, 901 17th Street NW, Washington, DC. The meeting was previously scheduled to begin at 2 p.m.
On December 5, 2007, the Board issued for public comment a proposed Policy Statement: Guidance Regarding Implementation of PCAOB Rule 4012. The comment period closed on March 4, 2008. The proposal and the comment letters received are available on the PCAOB’s Web site. The proposed policy statement articulates essential criteria that, if met, would permit the Board to maximize its reliance under Rule 4012 on the inspections work of qualified non-US auditor oversight entities under existing PCAOB Rule 4012.
As announced on May 14, the roundtable will explore the advantages and disadvantages of the proposal, as well as specific issues raised in the comment letters on the proposal.
The panelists include representatives of investors, registered accounting firms and foreign regulators:
The roundtable will be open to the public with seating on a first-come, first-served basis. Doors will open at 1:00 p.m. The roundtable discussions also will be available via Webcast on the Board's Web site.