PCAOB Accepting Enforcement Tips

Washington (Aug. 25, 2004) -- The Public Company Accounting Oversight Board has set up a new online form and a toll-free number to accept enforcement tips and complaints.

“As the recent scandals have shown, individuals with integrity do often step up and take a stand when they see misconduct taking place,” said Claudius Modesti, PCAOB director of enforcement and investigations. “We want to make sure that these individuals have an easily accessible way of reporting any information that they might have.”

The PCAOB said that it is interested in receiving tips on potential violations by a registered public accounting firm or its associated persons of the Sarbanes-Oxley Act, the rules of the PCAOB or other applicable law; information that may be relevant to a PCAOB inspection of a registered public accounting firm; and any other information that may be relevant to the work of the PCAOB.

All information submitted will be reviewed and evaluated so that the appropriate PCAOB office can respond and take action accordingly. Information can be provided anonymously.

Information can be provided to the PCAOB via an online form, e-mailed to tips@pcaobus.org, or called in to (800) 741-3158. For additional information regarding the submission of tips and complaints, visit www.pcaobus.org/tips.

-- WebCPA staff

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