Posts Tagged ‘PCAOB’

PCAOB Formally Proposes New Auditing Standard for Section 404 of SOX

Wednesday, December 20th, 2006

Yesterday the SEC issued a press release regarding a Public Company Accounting Oversight Board (PCAOB) proposal for a new auditing standard for Section 404 of the Sarbanes-Oxley (SOX) Act. The goal of the proposal will be to strengthen investor protection while getting rid of what is referenced as the “unduly expensive and inefficient auditing standard under Section 404.”