Washington (June 11, 2004) - The Public Company Accounting Oversight Board is expecting more than 400 foreign accounting firms to register to provide audit services to U.S. companies, and has agreed to continue processing applications beyond the July 19 deadline to encourage even more non-U.S. firms to step forward.

Under the federal Sarbanes-Oxley Act, accounting firms must register with the PCAOB in order to audit the financial statements of corporations registered with the Securities and Exchange Commission.

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