PCAOB Announces Standing Advisory Group Meeting on April 7-8, 2010

Washington, D.C., Mar. 25, 2010

The Public Company Accounting Oversight Board announced today that the next meeting of the Standing Advisory Group (SAG) will be held Wednesday and Thursday, April 7-8, 2010.

The meeting agenda includes a discussion of the PCAOB's current auditing standard-setting activities and the recommendation from the Treasury’s Advisory Committee on the Auditing Profession that the Board consider changes to the auditor's reporting model.

In addition, PCAOB staff will update the SAG on comments received on the proposed suite of risk assessment standards, and seek input on standard-setting project on the responsibilities of the principal auditor.

The meeting agenda and briefing papers may be found on the PCAOB Web site.

The meeting will be held at 1201 15th Street NW, Washington, D.C., and is open to the public. It will be Webcast live on the Web site and available later by podcast. The public portion of the meeting on April 7 takes place from 9 a.m. to 2:00 p.m., and on April 8, from 8:30 a.m. to 12:30 p.m.

The Board convened the SAG to advise the PCAOB on the development of auditing and related professional practice standards. The SAG includes auditors, investors, public company executives, and others. The group meets two or three times a year and is chaired by the PCAOB Chief Auditor and Director of Professional Standards, Martin F. Baumann.