The Public Company Accounting Oversight Board said that the group, made up of 30 experts in variuos financial fields, will give its advice to the board on standard-setting priorities and the policy implications of existing and proposed standards.
The group, which the PCAOB hopes will bring a ‘multi-disciplined approach’ to its standards-setting process, will be chaired by the board’s chief auditor Doug Carmichael.
Other members of the group include former Securities and Exchange Commission chief accountant Lynn Turner; Barbara Roper director of investor protection for the Consumer Federation of America and partners from the Big Four.
Simon Wright of CareersinAudit.com discusses how an effective cyber defence force is critical to businesses worldwide and how internal auditors can make the transition to a new career in cyber security
The FRC has said that the investigation will 'consider, but not be restricted to, issues regarding misstated accounting balances'
Craig Maxwell joins the audit and assurance team in Scotland
Stephen Grayson to join the audit department in Manchester