If you’re looking to bend the ear of audit regulators, the Public Company Accounting Oversight Board is accepting nominations—either your own or someone else’s—for its Standing Advisory Group.
The SAG is an advisory body that meets a few times each year to share views and offer ideas on how to address emerging audit issues. Currently consisting of 33 members, the group represents a wide variety of capital market interests, including accounting, auditing, corporate finance, corporate governance, and investing.
The board asks advisers to serve a two-year term, and it seeks nominations annually to reseat half the advisory group. Appointments from the current round of nominees will be announced in October to serve on the advisory panel in 2010 and 2011.
The board typically consults with the Standing Advisory Group on auditing standards it is developing or considering, as well as guidance it might publish. At the most recent advisory group meeting in April, the board asked the advisory group to weigh in on the standard being developed on engagement quality reviews, the audit confirmation process, and whether any new guidance is warranted, and the auditor’s role in concluding that an entity’s ability to continue as a going concern is in doubt.
Nominations are due by June 18.
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