The Public Company Accounting Oversight Board plans to host a public roundtable on its proposed standard for auditors communications with audit committees on Sept. 21, and is re-opening the comment period on the proposal until Oct. 21.
The Sarbanes-Oxley Act strengthens the audit committees oversight of the audit process, and the boards proposal seeks to further that objective, said Acting PCAOB Chairman Daniel L. Goelzer in a statement. The roundtable will be designed to explore some of the key issues commentators have raised and to develop ideas on how to improve communications between the auditor and the audit committee.
The roundtable will include audit committee members, investors, auditors, issuers and others. A link to the briefing paper for the event, PCAOB Roundtable - Communications with Audit Committees, can be found here.
The meeting will be held at 1201 15th Street N.W., Washington, D.C. It will be open to the public, and also audible via webcast on the PCAOB Web site. The agenda, attendees and other details will be available closer to the meeting date.
On March 29, 2010, the PCAOB issued for public comment a proposed auditing standard, Communications with Audit Committees. The comment period originally closed on May 28, 2010. The proposed auditing standard and the comment letters received are on the PCAOB Web site.
Comments may be submitted by postal mail or electronic mail. Written comments should be sent to the Office of the Secretary, PCAOB, 1666 K Street N.W., Washington, D.C. 20006-2803. E-mail may be sent to firstname.lastname@example.org, or from the PCAOB Web site.
All comments should refer to PCAOB Rulemaking Docket Matter No. 030 in the subject or reference line and should be received by the PCAOB no later than 5 p.m. (EDT) on Oct. 21, 2010. All comments will be made public.
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