PCAOB to Consider Rule Amendment Concerning the Timing of Certain Non-U.S. Inspections

Washington, DC, June 19, 2009 – The Public Company Accounting Oversight Board has scheduled an Open Meeting for Thursday, June 25, at 9:30 a.m., to consider adopting an amendment to Rule 4003, Frequency of Inspections. The amendment relates to the timing of certain inspections of registered non-U.S. firms that current Board rules require the PCAOB to conduct in 2009.

The meeting is open to the public and will take place in the Board’s meeting room at 1666 K St. N.W., Washington, D.C. It also will be Webcast via a link on the PCAOB Web site (www.pcaobus.org), and available via podcast later in the day.

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The PCAOB is a private-sector, nonprofit corporation, created by the Sarbanes-Oxley Act of 2002, to oversee the auditors of public companies in order to protect the interests of investors and further the public interest in the preparation of informative, fair, and independent audit reports.