The Public Company Accounting Oversight Board has scheduled an open meeting for Tuesday, June 14, at 9:30 a.m., to consider adoption of certain rules to begin implementation of its expanded oversight responsibilities for audits of brokers and dealers under the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Specifically, the Board will consider adopting rules to establish an interim inspection program for registered public accounting firms' audits of brokers and dealers.
The Board also will consider adopting rules related to assessing and collecting a portion of its accounting support fee from brokers and dealers in order to fund PCAOB oversight of audits of brokers and dealers, consistent with the Dodd-Frank Act. At the same time, the Board also will consider adopting certain amendments to its existing funding rules related to issuers.
The Board proposed rules on these topics on December 14, 2010. The deadline for comments was February 15, 2011. The Board received and considered comments on both proposals.
The meeting is open to the public and will take place in the PCAOB meeting room at 1666 K St. N.W., Washington, D.C. It will be Webcast via a link on the PCAOB Web site, and available via podcast later in the day.<