Board Announces October 22-23 Standing Advisory Group Meeting

Washington, D.C., Oct. 9, 2008

The Public Company Accounting Oversight Board announced today that it has scheduled a meeting of its Standing Advisory Group for Wednesday, October 22, and Thursday, October 23. The advisory group will discuss audit considerations relating to the current economic environment; the Board's standards-setting priorities, which will include a report on the standards-related accomplishments during the past year; and two of the recommendations included in the recently released report of the Department of the Treasury’s Advisory Committee on the Auditing Profession.

The Treasury Advisory Committee recommendations scheduled for discussion are a recommendation that the PCAOB consider mandating the engagement partner’s signature on the auditor’s report and a recommendation that the PCAOB determine the feasibility of developing key indicators of audit quality and effectiveness.

The agenda and other documents for this meeting can be found on the Board's Web site at, under Standards, Standing Advisory Group.

The meeting will be held at the Army Navy Club, 901 17th Street, N.W., Washington, DC, is open to the public and will be Webcast on the Board's Web site. The public portion of the meeting on October 22 will be from 12:30 p.m. to 3:10 p.m., and on October 23 from 9:00 a.m. to 3:15 p.m.