Board to Consider Temporary Adjustment and Technical Amendments to Inspections Rules

Washington, DC, Dec. 14, 2006

The Public Company Accounting Oversight Board has announced an additional agenda item for its previously announced open meeting scheduled for 9:30 a.m. Tuesday, December 19. The Board will consider whether to adopt a rule temporarily adjusting the minimum frequency with which the Board inspects registered public accounting firms that have 100 or fewer issuer audit clients. The Board will also consider technical amendments to correct non-substantive points in other Board inspection rules.

As previously announced, the other agenda item for the meeting is the Board’s consideration of whether to propose for public comment a new auditing standard to supersede the Board’s existing auditing standard on internal control over financial reporting, and other related proposals.

The meeting will be held in the Board’s open meeting room at 1666 K St. NW, Washington, DC. The meeting is open to the public and will be webcast via a link on the PCAOB’s Web site ( that will be made available on the day of the meeting.