Board Announces February Standing Advisory Group Meeting

Washington, D.C., Jan. 25, 2006

The Public Company Accounting Oversight Board announced today that it has scheduled a meeting of its Standing Advisory Group for Thursday, February 9, from 8:30 a.m. to 5:15 p.m. at the Army and Navy Club, 901 17th Street, N.W., Washington, DC.

The matters to be considered by the advisory group are the auditor's use of specialists in performing an audit; risk assessment and the auditor's consideration of materiality in planning an audit; and possible effects of the inclusion of litigation-related clauses in audit engagement letters.

The agenda and briefing papers for this meeting can be found under Standards on the Board’s Web site at The meeting is open to the public and will be webcast on the Board’s Web site.