PCAOB Solicits Nominations for 2017-2019 Term of its Standing Advisory Group

WASHINGTON, Jun. 23, 2016

The Public Company Accounting Oversight Board is soliciting nominations for the 2017-2019 term of its Standing Advisory Group (SAG), which advises the PCAOB on its standard-setting activities.

The deadline for submissions is August 22, 2016.

Nominees for the three-year SAG term should have expertise in accounting, auditing, corporate finance, corporate governance, or investing in public companies. The Board also is seeking nominees with experience in auditing or financial reporting for broker-dealers and smaller public companies.

"Input from SAG members is fundamental to every standard-setting activity that the PCAOB undertakes," said Martin F. Baumann, PCAOB Chief Auditor and Director of Professional Standards, and SAG Chairman. "We always look forward to the varying opinions and well informed dialogue that occurs at every SAG meeting."

Examples of topics at recent SAG meetings include changes to the auditor's reporting model, non-GAAP measures and the role of the auditor, the supervision of audits involving other auditors, and emerging issues that could affect audits.

The SAG currently has 38 members, of which 16 have terms ending this year.

Nominations to the SAG, including self-nominations, may be submitted by any person or organization. The nomination forms are available at the links below.

Appointments will be announced in December and the new terms begin in January 2017.

Membership in the advisory group is personal to the member; the duties and responsibilities cannot be delegated to others. In addition, members are subject to certain provisions of the PCAOB Ethics Code.

The SAG historically has met two or three times per year in Washington. SAG members serve without remuneration, but are eligible for reimbursement of out-of-pocket expenses incurred in connection with SAG activities.

Additional information about the SAG is available on the PCAOB website.