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GAAP.RUNewsUS audit watchdog weighs board communications rule

US audit watchdog weighs board communications rule

Watchdog considers rule on auditors & audit committees

Publication date: 25 March 2010

The U.S. auditor watchdog said on Wednesday it would consider proposing a rule about how auditors communicate with their audit committees on boards of directors.

The Public Company Accounting Oversight Board (PCAOB), which was created as part of the 2002 Sarbanes-Oxley Act, said it would hold an open meeting on March 29, to discuss a possible standard on auditors & audit committees.