PCAOB Solicits Nominations for Standing Advisory Group

Washington, D.C., May 1, 2012

The Public Company Accounting Oversight Board is soliciting nominations for its Standing Advisory Group for the 2013-2015 three-year term. The deadline for submissions is June 15, 2012.

The Board is seeking nominations of individuals who have expertise in accounting, auditing, corporate finance, corporate governance, and/or investing in public companies. Additionally, the Board is seeking nominations of individuals with experience related to auditing or financial reporting related to broker-dealers and smaller public companies.

"The SAG is an important resource for the Board in identifying emerging standard-setting issues and hearing views on standard-setting initiatives from a broad range of perspectives," said Martin F. Baumann, PCAOB Chief Auditor and SAG Chairman.

The SAG provides input and advice to the PCAOB on a wide array of topics related to its standard-setting activities. Recent examples of input provided by the SAG include auditing in the current economic environment; potential changes to the auditor's report; and going concern.

The SAG currently has 42 members, with 14 members' terms expiring in 2012. Nominations, including self-nominations, are sought annually, and may be submitted by any person or organization. The nomination forms are available at the links below.

Appointments will be announced in November, and the new terms begin in January 2013. Membership in the advisory group is personal to the member, and the duties and responsibilities cannot be delegated to others. In addition, members are subject to certain sections of the Board's Ethics Code, as provided in the PCAOB Rule 3700, Advisory Groups.

  • Nominee Form – Use this form to nominate yourself to serve on the SAG
  • Nominator Form – Use this form to nominate an individual to serve on the SAG

The Board established the SAG in 2003 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 is chaired by PCAOB Chief Auditor and Director of Professional Standards Martin F. Baumann. Information about the SAG may be found under "Related Information".