The Public Company Accounting Oversight Board is soliciting nominations
for its Standing Advisory Group for the 2012-2013 two-year term. The
deadline for submissions is June 16, 2011.
The Board is seeking nominations of individuals who have expertise in
accounting, auditing, corporate finance, corporate governance, and/or
investing in public companies. Additionally, the Board is seeking
nominations of individuals with experience related to auditing or
financial reporting related to broker-dealers and smaller public
"The SAG is an integral part of the PCAOB standard-setting process. The
insights and knowledge that SAG members provide are a tremendous resource
to the PCAOB in carrying out its mission to protect investors," said
Martin F. Baumann, PCAOB Chief Auditor and SAG Chairman.
The SAG provides input and advice to the PCAOB on a wide array of
topics related to its standard-setting activities. These have included
auditing in the current economic environment; potential changes to the
auditor's report; and the potential auditing challenges from proposed
changes in accounting standards, including accounting for financial
instruments, leases, and revenue recognition.
The SAG also may be asked to comment upon the Board's ongoing projects
to develop auditing and attestation standards for the audits for certain
broker-dealer compliance reports. These projects follow the expansion of
PCAOB oversight to include the audits of brokers and dealers that was
included in the 2010 Dodd-Frank Wall Street Reform and Consumer Protection
The SAG currently has 33 members. Nominations, including
self-nominations, are sought annually, and may be submitted by any person
or organization. The nomination forms are available at the links below.
Appointments will be announced in November, and the new terms will
begin in January 2012. Membership in the advisory group is personal to the
member, and the duties and responsibilities cannot be delegated to others.
In addition, members are subject to certain sections of the Board's Ethics
Code, as provided in the PCAOB Rule 3700, Advisory Groups.
Form – Use this form to nominate yourself to the serve on the SAG
Form – Use this form to nominate an individual to serve on the