PCAOB Solicits Nominations for Standing Advisory Group

The Public Company Accounting Oversight Board is soliciting nominations and re-nominations to fill 14 slots on its Standing Advisory Group. 

The SAG, created in 2003 to advise the board in establishing auditing standards, consists of 30 members with expertise in areas that include accounting, auditing, corporate finance, corporate governance and investing in public companies.

The group, chaired by the PCAOB's chief auditor and director of professional standards, Douglas R. Carmichael, meets approximately three times a year.

The group's first members were selected to serve staggered two- and three-year terms, with the two-year terms ending in 2005. Beginning this year, all appointments will be for two-year terms, and the board will solicit nominations and re-nominations annually.

Self-nominations are allowed, and current members may be re-nominated. Nomination forms are available at www.pcaobus.org/standards/standard_advisory_group/index.asp. The deadline for submissions is June 23.

Appointments will be announced in October 2005, with the new terms beginning in January 2006.

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