PCAOB Announces Fraud-Focused Agenda for Nov. 20-21 Standing Advisory Group Meeting

Fraud, Revenue, Fair Value

Washington, DC, Nov. 6, 2014

The Public Company Accounting Oversight Board today announced the agenda for the Thursday to Friday, Nov. 20-21, 2014, meeting of the Standing Advisory Group in Arlington, Va.

The agenda devotes a significant amount of time to a discussion by SAG members of fraud detection by auditors, including panels on: auditor incentives and behavior-related considerations regarding fraud detection; lessons learned from other disciplines; and auditor knowledge and skills regarding fraud detection.

Also on the agenda is a discussion about auditing revenue and a summary presentation of comments received on the staff consultation paper on auditing accounting estimates and fair value measurements. Finally, members will hear an update on PCAOB developments and on the standard-setting agenda.

The meeting will be held at the Hyatt Arlington Hotel, 1325 Wilson Boulevard, Arlington, Va. The meeting is open to the public and will be available via webcast on the PCAOB website.

The SAG includes investors, auditors, public company executives, and others. The group is chaired by PCAOB Chief Auditor and Director of Professional Standards Martin F. Baumann.

More information is available on the Standing Advisory Group page on the PCAOB website.