Reference to PCAOB standards in reports on SEC registrants
08 Apr 2004
The US Securities and Exchange Commission has Proposed to adopt Auditing Standard No.
1 of the Public Company Accounting Oversight Board that would require that auditors' reports on SEC registrants state that the audit was performed in accordance with "the standards of the Public Company Accounting Oversight Board (United States)". The current reference to generally accepted auditing standards would no longer be appropriate.