Washington (Dec. 18, 2003) — The Public Company Accounting Oversight Board voted unanimously to adopt its first auditing standard and technical amendments to its interim standards rules.

At its meeting Wednesday, the board adopted Auditing Standard No. 1, References in Auditors' Reports to the Standards of the Public Company Accounting Oversight Board, which requires that auditors' reports on engagements conducted in accordance with the board's standards include a reference that the engagement was performed in accordance with the standards of the PCAOB.

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