PCAOB to Consider Adoption of the Reorganization of Auditing Standards

The Public Company Accounting Oversight Board has scheduled an open meeting for 9:30 a.m. on Tuesday, March 31, to consider adoption of the reorganization of PCAOB auditing standards.

PCAOB auditing standards currently consist of two types of authoritative auditing standards: (i) standards originally issued by the Auditing Standards Board of the American Institute of Certified Public Accountants and adopted by the Board on an interim, transitional basis in April 2003 and (ii) standards issued by the Board. The reorganization is intended to present both types of standards together in a logical order that generally follows the flow of how one conducts an audit. The reorganization also is intended to help users navigate the standards more easily.

The meeting is open to the public and will take place in the Board's meeting room at 1666 K St. NW, Washington, DC. A webcast via a link on the PCAOB website will be made available the day of the meeting. The meeting also will be available via podcast later in the day.