The Public Company Accounting Oversight Board announced that it its Standing Advisory Group will meet on Feb. 22 in Washington.

The group will discuss the board's recently proposed audit standard to replace the existing standard on auditing internal control over financial reporting, as well as engaging in a panel discussion on forensic audit procedures.

Created in 2003 to assist the board in carrying out its standards-setting responsibilities for auditing, the group consists of 31 members with expertise in a variety of fields, including accounting, auditing, corporate finance, corporate governance and investing in public companies.

A briefing paper regarding the discussion on forensic audit procedures is available at www.pcaob.org/Standards/Standing_Advisory_Group/Meetings/2007/02-22/Forensic_Audit_Procedures.pdf, and a paper outlining the board's internal control-related proposals will be available shortly before the meeting.

The meeting is open to the public and will be Web cast on the board’s Web site, www.pcaob.org.

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