PCAOB Announces Panelists and Schedule of Appearances for June 28 Public Meeting on Auditor Independence and Audit Firm Rotation

Washington, D.C., Jun. 25, 2012

The Public Company Accounting Oversight Board announced today the panelists and schedule of appearances for its June 28 public meeting on ways to enhance auditor independence, objectivity, and professional skepticism, including through mandatory rotation, or term limits, for audit firms.

The meeting is being held in San Francisco, and panelists include investors, representatives of major organizations, and other interested parties based primarily on the West Coast or in Asia.

This is the PCAOB’s second public meeting on auditor independence and audit firm rotation. The first meeting was held March 21-22, 2012, in Washington, D.C., and a webcast and transcript can be found on the PCAOB website.

The Board issued a concept release on Aug. 16, 2011, inviting public comment on these issues.

The meeting will be held at the Hilton San Francisco Financial District, 750 Kearny Street, San Francisco, CA 94108. It will be open to the public and also available live via webcast on the PCAOB website.

In light of the upcoming public meeting, the Board is reopening until July 28, 2012, the comment period on the concept release. Comments may be submitted by postal mail or electronic mail. Written comments should be sent to the Office of the Secretary, PCAOB, 1666 K Street N.W., Washington, D.C. 20006-2803. Email may be sent to [email protected].

All comments should refer to PCAOB Rulemaking Docket Matter No. 037 in the subject or reference line and should be received by the PCAOB no later than 5 p.m. (EDT) on July 28, 2012. All comments will be made public.