Washington (March 3, 2003) -- The Public Company Accounting Oversight Board, the reform body created as a result of the passage of Sarbanes-Oxley, is scheduled to vote March 4 on whether to seek approval from the Securities and Exchange Commission for a new system to register accounting firms.

That new registration system would also encompass firms outside the United States if they perform audits on companies that market securities in the U.S.

The PCAOB said it would also consider holding a public meeting to elicit public comment on the proposal.

Under the new reform rules, accounting firms with publicly traded clients are required to register with the PCAOB within six months of its expected SEC certification in April.

-- Electronic Accountant Newswire staff

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