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August 9, 2012

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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