Monday, July 25, 2005

PCAOB Has Open Meeting Tomorrow

(Thanks, Financial Executives International). The Public Companies Accounting Board will hold an open meeting in Washington, DC tomorrow. Two major items up for consideration are reporting requirements if a previously reported material weakness in internal control has not been corrected (proposed standards was issued end of March) and rules on auditor independence and tax services--specifically under which circumstances providing tax services may impair auditor independence (present proposal made mid-December last year).


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