PCAOB Standing Advisory Group Meeting
When: June 21-22, 2004 – 8:30 am to 5:30 pm
Who: The PCAOB Standing Advisory Group
What: Inaugural Meeting
Where: Atrium Hall of the Ronald Reagan Building, 1300 Pennsylvania Avenue, N.W., Washington, D.C.
Contact: Public Affairs: 202-207-9227
The archived webcast of the meeting can be found here.
Meeting Agenda
Monday, June 21, 2004
1. Welcome and Introductions (8:30 am) (more)
2. Scope of the PCAOB’s Standard-Setting
Activities (9:30 am) (more)
- Scope of the PCAOB’s standard-setting activities
- International convergence and coordination with standard-setters
3. SAG Objectives and Operations (10:15 am) (more)
4. Prior Standard-Setting Activities (11:15 am) (more)
- Overview of standard-setting activities
- PCAOB Auditing Standard No. 1, References in Auditor’s Reports to the Standards of the Public Company Accounting Oversight Board
- PCAOB Auditing Standard No. 2, An Audit of Internal Control Over Financial Reporting Performed in Conjunction with an Audit of Financial Statements
- PCAOB Auditing Standard No. 3, Audit Documentation and Amendment to Interim Standards
- PCAOB Rule 3101, Certain Terms Used in Auditing and Related Professional Practice Standards
- PCAOB Proposed Auditing Standard, Conforming Amendments to PCAOB Interim Standards Resulting from the Adoption of PCAOB Auditing Standard No. 2
5. Revision of the Generally Accepted Auditing Standards Hierarchy (1:00 pm) (more)
6. Prioritization and Review of Existing Standards, Including Consideration of New Standards (2:00 pm) (more)
7. SAG Chairman’s Wrap-Up ( 5:15 – 5:30 pm )
Tuesday, June 22, 2004
8. Potential Project – Auditor’s Responsibility for Communications to Investors Containing Financial Information (8:30 am) (more)
Discuss the auditor’s responsibility for communications to investors containing financial information
9. Potential Standard – Engagement Quality
Reviews (10:45 am) (more)
10. Potential Standard – Communications and Relations with Audit Committees (1:45 pm) (more)
Discuss a potential standard to conform the current auditing standard to include Sarbanes-Oxley-related audit committee requirements
11. Potential Standard – Quality Control (3:30 pm) (more)
12. SAG Chairman’s Wrap-Up ( 5:00 – 5:30 pm )
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