• Public Company Accounting Oversight Board Proposes New Internal Control Auditing Standards
  • October 27, 2003
  • Law Firm: Duane Morris LLP - Philadelphia Office
  • The Sarbanes-Oxley Act of 2002 (Act) directs the Public Company Accounting Oversight Board (PCAOB) to establish professional standards governing an audit of a public company's internal control over financial reporting. 1 The PCAOB has issued a proposed standard and is seeking public comment. All comments must be submitted by November 21, 2003. If the standard is adopted, it will become effective after it is approved by the Securities and Exchange Commission (SEC).