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PCAOB Seeks Standing Advisory Group Nominations

With 14 members’ terms expiring this year, the Public Company Accounting Oversight Board (“PCAOB”) is currently seeking potential replacements for its Standing Advisory Group (“SAG”). The PCAOB is looking for individuals with a combination of experience in accounting, auditing, corporate finance or governance, and/or investing in public companies. Also, nominees are recommended to have experience in auditing or financial reporting associated with broker-dealers and smaller public companies.

The SAG, which meets two or three times a year, helps the PCAOB on numerous topics concerning standard-setting and other activities. Such topics have included how auditors detect fraud, changes to the auditor’s report and audit quality indicators. Nominations for new members are pursued each year, and appointed members are given three-year terms.

Submissions are due on June 30th. Appointments will be announced this December, and the new members’ terms start in January. For nomination forms or to read the press release, visit the PCAOB website.