The Public Company Accounting Oversight Board has scheduled a series of forums around the country on auditing in the small business environment.
The first of the six events will take place on Tuesday, April 21, in Santa Monica, Calif. The forums this year, as in a similar series last year, are designed to share important information about PCAOB activities with registered public accounting firms operating in the small business community. They also provide an opportunity for PCAOB board members and staff to hear the comments and concerns of auditors who work with small businesses.
"This year’s forums will be particularly valuable to both the PCAOB and the audit firms working in the small business community, as we address the difficult economic and financial reporting issues confronting us," said PCAOB board member Daniel L. Goelzer, who will be hosting the Santa Monica forum.
The agenda will feature case studies on auditing in the small business environment in addition to discussions on current economic issues and trends affecting the work of auditors, proposed standards on risk assessment and engagement quality reviews, audits of internal control over financial reporting for non-accelerated filers, future standard-setting priorities, and new annual and special reporting rules for registered auditing firms.
In addition, staff from the Securities and Exchange Commission’s Division of Corporation Finance will join the PCAOB again this year to provide an update on recent SEC activities and observations of common financial reporting issues facing smaller issuers.
"Small Business Forums have been an effective way to share timely information about the PCAOB’s oversight programs with small firms," said PCAOB Chairman Mark W. Olson (pictured) in a statement. "In addition, the forums provide an opportunity for small firms to discuss issues facing the small business community with us in an informal setting."
The 2009 schedule is as follows:
· Santa Monica, Cal.– April 21, 2009
· Philadelphia, Pa. – June 4, 2009
· New York City – July 29, 2009
· Houston – Sept. 23, 2009
· Denver, Colo. – Nov. 3, 2009
· Orlando, Fla. – Dec. 1, 2009
Each forum is hosted by a member of the PCAOB board and is open to PCAOB-registered firms. There is no fee charged to participate in the events, but pre-registration is required. Attendees will also have the opportunity to earn continuing professional education credits.
For more information, including the detailed agenda, visit the Forum on Auditing in the Small Business Environment.
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