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2007 News Archive

December

• 12/10/2007: PCAOB Issues Staff Audit Practice Alert on Fair Value
• 12/10/2007: PCAOB Issues Disciplinary Orders Against Deloitte & Touche LLP and a Former Audit Partner
• 12/5/2007: PCAOB Issues for Comment Proposed Guidance Regarding the Implementation of PCAOB Rule 4012

November

• 11/26/2007: PCAOB to Consider Proposal To Enhance International Cooperation in Inspections
• 11/19/2007: Board Approves 2008 Budget
• 11/14/2007: Board to Consider 2008 Budget

October

• 10/29/2007: PCAOB Announces Resignation of CFO Tom Hohman
• 10/29/2007: Board Announces 2008 Standing Advisory Group Members
• 10/22/2007: PCAOB Releases Report on Issues Identified in Inspections Of US Firms that Audited 100 or Fewer Public Companies
• 10/17/2007: PCAOB Issues Staff Guidance On Auditing Internal Control in Smaller Public Companies
• 10/16/2007: Board Approves Amendments Regarding Inspection Frequency for Firms that Do Not Regularly Issue Audit Reports
• 10/11/2007: Board to Vote on Amendments Regarding Inspection Frequency for Firms that Do Not Regularly Issue Audit Reports
• 10/11/2007: Board Announces Standing Advisory Group Meeting

September

• 9/18/2007: PCAOB Board Member Kayla Gillan to Step Down

August

• 8/1/2007: Chief Information Officer Ray Schmidt to Leave the PCAOB

July

• 7/25/2007: PCAOB’s New Audit Standard for Internal Control Over Financial Reporting is Approved by the SEC
• 7/24/2007: Board Proposes New Ethics and Independence Rule Concerning Communications with Audit Committees and an Amendment To its Existing Tax Services Rule And Adjusts Implementation Schedule for Tax Services Rule
• 7/19/2007: Board to Consider Proposing New Ethics and Independence Rule And Amendment to Existing Tax Services Rule
• 7/16/2007: PCAOB Enters into Cooperative Arrangement With Australian Securities and Investments Commission

June

• 6/19/2007: PCAOB Names C. Gregory Scates Deputy Chief Auditor
• 6/7/2007: Board Announces Standing Advisory Group Meeting

May

• 5/24/2007: Board Approves New Audit Standard For Internal Control Over Financial Reporting and, Separately, Recommendations on Inspection Frequency Rule
• 5/16/2007: Board to Vote on New Standard For Audits of Internal Control
• 5/15/2007: Martin Baumann to Succeed Phil Wedemeyer As the Director of Research and Analysis
• 5/14/2007: Mary Moore Hamrick Leads PCAOB External Relations
• 5/04/2007: PCAOB Concludes First International Auditor Regulatory Institute
• 5/01/2007: Board Solicits Nominations for Standing Advisory Group

April

• 4/18/2007: Board Issues Second Year Report On Auditors’ Implementation of Internal Control Standard
• 4/11/2007: Deputy Chief Auditor Laura Phillips to Leave PCAOB
• 4/3/2007: Board Proposes New Auditing Standard and Amendments Relating to Consistency and the Hierarchy of GAAP And Further Implements Rules Relating to Tax Services and Independence

March

• 3/29/2007: Board to Consider Proposing an Auditing Standard and Amendments to the Board’s Interim Standards and Issuing a Concept Release
• 3/23/2007: PCAOB Meets with Asian Counterparts to Discuss Cooperation on Auditor Oversight
• 3/6/2007: PCAOB Chairman Mark Olson and EU Commissioner Charlie McCreevy Meet to Discuss Furthering Cooperation in the Oversight of Audit Firms

February

• 2/7/2007: Board Announces Standing Advisory Group Meeting

January

• 1/24/2007: Gordon Seymour to Succeed Lewis Ferguson as PCAOB General Counsel 
• 1/22/2007: Board Issues Report on Auditors’ Implementation of PCAOB Standards Relating to Auditors’ Responsibilities With Respect to Fraud
• 1/3/2007: Board to Continue Forums on Auditing in the Small Business Environment in 2007