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PCAOB roundtable on registration of non-US audit firms

  • PCAOB (US Public Company Accounting Oversight Board) (dark gray) Image

04 Apr 2003

On 31 March 2003, the US Public Company Accounting Oversight Board held a public roundtable, with the five SEC members in attendance, on registration and oversight of non-US public accounting firms.

The Washington Post reports that while overseas participants at the roundtable tended to disagree or asked for time extensions for foreign firms, the acting chairman of the PCAOB, Charles D. Niemeier said that "the issue strikes at the heart of the board's mission. 'A great deal of the US markets now involve companies and auditors that are not in the United States.... We believe registration is extremely important for us to be able to fulfill our mandate'." Click for Washington Post Story. If you want to listen to a recording of the roundtables please Click Here (no charge).

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