Washington, D.C., Sept. 8, 2011
The Public Company Accounting Oversight Board announced today the names of the participants in the roundtable discussion next week on its concept release on possible changes to the auditor's reporting model.
The PCAOB will host the roundtable on Thursday, Sept. 15, 2011, from 9 a.m. to 5 p.m., at 1201 15th Street N.W., Washington, D.C. The meeting agenda is available below.
The concept release, issued on June 21, 2011, presents several alternatives for changing the auditor's reporting model and seeks comment on these or other alternatives that could provide investors with more transparency into the audit process and more insight into the company's financial statements or information outside the financial statements. The comment period closes on Sept. 30, 2011. The concept release and the comment letters received are available on the PCAOB website.
As announced on Aug. 25, 2011, the objective of the roundtable is to obtain insight from investors and other users and preparers of financial statements, audit committee members, academics and auditors into the alternatives presented in the concept release for changing the auditor's reporting model, as well as any other alternatives not discussed in the concept release. The auditor's report is the primary means by which auditors communicate information about their audits of financial statements to investors and other users of financial statements.
The roundtable will be chaired by the PCAOB Chief Auditor and Director of Professional Standards Martin F. Baumann. The participants include the following individuals:
The roundtable will be open to the public, and also audible via Webcast and podcast on the PCAOB website.