Pricing Sources Task Force

The PCAOB, as announced at the Standing Advisory Group meeting on March 24, 2011, has formed a task force of the SAG known as the Pricing Sources Task Force. The group focuses on the auditing of fair value of financial instruments that are not actively traded and on the use of third-party pricing sources. The task force assists the Office of the Chief Auditor to gain insight into current issues related to auditing the fair value of financial instruments, which may result in the development of new standards or guidance. The task force is comprised of several members of the SAG, as well as other investors, preparers and auditors, and representatives from pricing services and brokers.

Additional background and information is available through the webcast of the March 24, 2011 meeting.

Pricing Sources Task Force Members

Glenn Booraem
Principal and Controller, Vanguard Funds, The Vanguard Group, Inc.
Valley Forge, Pa.

Matthew Brodin
Evaluated Services Director, Interactive Data Corporation (IDC)
New York, N.Y.

Neri Bukspan
Executive Managing Director, Chief Quality Officer, and Chief Accountant, Credit Market Services, Standard & Poor's Financial Services, LLC
New York, N.Y.

Timothy Chatting
Manager of SEC Reporting and Accounting Governance, Lexmark International, Inc
Lexington, Ky.

Theresa Cooper
Global Controller, General Electric Company
New York, N.Y.

James G. Cowden
Director of Evaluation/Analytics, State Street Corporation
Boston, Mass.

Brian Doyle
Managing Director, Goldman, Sachs & Co.
New York, N.Y.

Susan DuRoss
Chief Markets Officer, Harvest Investments
Burr Ridge, Ill.

John Fogarty
Partner and Director of Assurance Policies and Methodologies AERS, Deloitte & Touche LLP
New York, N.Y.

Salvatore Fortunato
Managing Director, Goldman, Sachs & Co.
New York, N.Y.

Michael J. Gallagher
Assurance Partner and U.S. Assurance National Office Leader, PricewaterhouseCoopers LLP 
Florham Park, N.J.

Gaylen R. Hansen
Audit Partner and Director of Accounting and Auditing Quality Assurance, Ehrhardt Keefe Steiner & Hottman PC Denver, Colo.

Mark Heckert
Evaluated Services Senior Director, Interactive Data Corporation (IDC)
New York, N.Y.

Gregory K. Hinkle
Vice President and Fund Treasurer, T. Rowe Price Group, Inc.
Baltimore, Md.

Michael E. Juchniewicz
Vice President, Finance & Treasury, Coventry Health Care, Inc.
Bethesda, Md.

John Keyser
Partner and National Director of Financial Institutions Services, McGladrey & Pullen, LLP
Las Vegas, Nev.

Jeffrey P. Mahoney
General Counsel, Council of Institutional Investors
Washington, D.C.

Mark Niswonger
Assurance Partner, KPMG LLP
New York, N.Y.

Michael Santay
Partner, Grant Thornton LLP 
Chicago, Ill.

Verne Scazzerro
President and CEO, Harvest Investments
Burr Ridge, Ill.

Robert Schirling
Partner, Ernst & Young LLP 
New York, NY

Heather Slavkin
Senior Legal and Policy Advisor, Office of Investment, AFL-CIO
Washington, D.C.

Lynn E. Turner
Former SEC Chief Accountant
Denver, Colo.

David Weiskittel
Assurance Partner, BDO Seidman
Grand Rapids, Mich.