Board Announces Standing Advisory Group Meeting

Washington, D.C., Sep. 21, 2006

The Public Company Accounting Oversight Board announced today that it has scheduled a meeting of its Standing Advisory Group for Thursday, October 5, from 9:00 a.m. to 4:45 p.m. at The Army and Navy Club, 901 17th Street, NW, Washington, DC.

The advisory group will discuss the Board’s proposed standards-setting activities for 2007 and ways of measuring the success of the PCAOB in achieving its mission. In addition, the group will engage in a panel discussion on the attributes of auditing in a smaller-firm environment and the attributes of auditing smaller issuers. The panel will consist of representatives from regional and local registered public accounting firms and smaller issuers that are non-accelerated filers.

The agenda and other documents for this meeting can be found under Standards, Standing Advisory Group, on the Board’s Web site at www.pcaobus.org. The meeting is open to the public and will be webcast on the Board’s Website.