The Public Company Accounting Oversight Board has scheduled an Open Meeting for Tuesday, Dec. 14, at 9:30 a.m., to consider certain rules to begin implementation of its expanded oversight responsibilities for audits of brokers and dealers, under the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Specifically, the Board will consider proposing for public comment rules to establish an interim inspection program for registered public accounting firms' audits of brokers and dealers. The Board will also consider proposing rules related to assessing and collecting a portion of its accounting support fee from brokers and dealers in order to fund the PCAOB's oversight of audits of brokers and dealers, consistent with the Act. At the same time, the Board will also consider certain amendments to its existing funding rules related to issuers.
The meeting is open to the public and will take place in the PCAOB meeting room at 1666 K St. N.W., Washington, D.C. It will be Webcast via a link on the PCAOB Web site, and available via podcast later in the day.