PCAOB Proposed Standard Setting Activities for 2007

October 5, 2006

FEI Summary

On Oct. 5, 2006, the Public Company Accounting Oversight Board (PCAOB) presented its prioritized list of standard-setting activities for 2007 to its Standing Advisory Group (SAG). Topping the list is the revision of Auditing Standard No. 2, An Audit of Internal Control over Financial Reporting Conducted in Conjunction with an Audit of the Financial Statements.

Also discussed at the Oct. 5 SAG meeting were metrics for measuring the PCAOB’s performance or “success.”

In addition, SAG members heard from a panel of small business issuers and auditors.  

Check back to this webpage on Oct. 6 for a summary of the SAG meeting prepared by FEI staff.