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PCAOB to consider audit committee communication standard

The Public Company Accounting Oversight Board (PCAOB) plans to discuss the possibility of adopting an auditing standard on communications with audit committees in a meeting next week.

The standard, Communications with Audit Committees, was initially proposed in March 2010 and after comments received in comment letters and at a roundtable in September 2010 it was eventually re-proposed in December last year.

The meeting will take place on 15 August and is open to the public as well as via weblink.

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