Wednesday, November 30, 2011
The Standing Advisory Group for the Public Companies Accounting Oversight Board has been increased in size to 42 members and terms extended to three years. Prominent men and women from accounting firms, medium and large businesses, major universities and even a labor union are among the 42 who give counsel to the five-member board. As the saying goes: "With great power goes great responsibility." The PCOAB has done well to seek the advice of these prominent men and women in making their decisions about accounting policy.