The Standing Advisory Group (SAG) is a group whose purpose is to advise the PCAOB on the establishment of auditing and related professional practice standards. The SAG is composed of highly qualified persons representing the auditing profession, public companies, investors and others.
PCAOB SAG Meeting Dates, CAQ Summaries and Discussion Topics
November 9th and 10th 2011
- CAQ Summary of November 2011 SAG Meeting
- SAG Discussion Topics:
- Update on PCAOB Developments
- Standard-Setting Update
- Auditor Independence and Audit Firm Rotation
- Going Concern
- Fair Value Pricing Sources Task Force
- Improving the Transparency of Audits
- Year-end Audit Risk and Financial Reporting Issues
- Auditor's Reporting Model - Preliminary Overview of Comments Received
March 24, 2011
- CAQ Summary of March 2011 SAG Meeting
- SAG Discussion Topics:
- Update on PCAOB Developments
- Standard-Setting Update
- FASB Presentation
- Modernization of COSO Internal Control - Integrated Framework
- Auditing Financial Statement Disclosures
- The Auditor's Reporting Model
October 13th and 14th 2010
- CAQ Summary of October 2010 SAG Meeting
- SAG Discussion Topics:
- Update on PCAOB Developments
- Update on OCA Standard-Setting Activities
- Overview and Key Provisions of Risk Assessment Standards
- Inspection Observations Regarding Inspections During the Economic Crisis
- Designing and Implementing a System of Quality Control
- FASB/IASB Projects and Potential Challenges to Auditing
- Failure to Supervise - Potential Rulemaking
- Confirmation - Summary of Comments
July 15, 2010
- CAQ Summary of July 2010 SAG Meeting
- SAG Discussion Topics:
- Broker-Dealer Audit Considerations
- FASB/IASB Projects and Potential Impact on Auditors
- Subsequent Events
- Auditor's Reporting Model Project Framework
- Communications with Audit Committees - Summary of Comments
April 7th and 8th 2010
- CAQ Summary of April 2010 SAG Meeting
- SAG Discussion Topics:
- Responsibilities of the Principal Auditor
- Auditor's Reporting Model
- Update on Office of the Chief Auditor Standard-Setting Activities and Emerging Issues
- Update on ACAP Recommendations
- Risk Assessment - Summary of Comments Received
October 14th and 15th 2009
- CAQ Summary of October 2009 SAG Meeting
- SAG Discussion Topics:
- Standard-Setting Activities and Emerging Issues
- Update on Proposed Standards and Concept Releases Issued
- Auditing Fair Value Measurements and Using the Work of a Specialist
- Communications with Audit Committees
- Related Parties
April 2, 2009
October 22nd and 23rd 2008
February 27, 2008 *
- SAG Discussion Topics:
- CIFiR Proposal on Preparer and Auditor Judgments
- Accounting Firms' and Auditors' Responsibility to Supervise
- Global Quality Control Practices
- Emerging Issues Discussion
October 18 , 2007
- CAQ Summary of October 2007 SAG Meeting
- SAG Discussion Topics:
- Proposed Standards-Setting Activities
- Audit Implications of IFRS Financial Statements in U.S. SEC Filings
- PCAOB Office of Research & Analysis - Working Paper Presentation - Changes in Market Responses to Restatement Announcements
- Emerging Issues Discussion - Subprime Mortgage Crisis and Illiquidity in the Markets
June 21, 2007
February 22, 2007
October 5, 2006
June 12th and 13th 2006
- CAQ Summary of June 2006 SAG Meeting
- SAG Discussion Topics:
- PCAOB Activities Regarding Section 404 and AS 2
- Implementation of Section 404 and AS 2
- The Research Synthesis Program
- Implications of ICFR Reporting for Auditing
- Emerging Issues Discussion - Stock Option Backdating
February 9, 2006
- CAQ Summary of February 2006 SAG Meeting
- SAG Discussion Topics:
- Using the Work of a Specialist
- Review of Risk Assessment Standards - Auditor Consideration of Materiality in Planning and Evaluation of Likely Misstatements
- Emerging Issues Discussion - Independence and Indemnification/Limitation of Liability Clauses
October 5th and 6th 2005
- CAQ Summary of October 2005 SAG Meeting
- SAG Discussion Topics:
- Proposed Standards-Setting Activities
- Reasonable Assurance
- Engagement Quality Reviews in Smaller Registered Firms
- Communications with Audit Committees
- Review of Existing Standards - Principles of Reporting
- Emerging Issues Discussion - PCAOB Inspection Results
June 8th and 9th 2005
- CAQ Summary of June 2005 SAG Meeting
- SAG Discussion Topics:
- Summary of First Round of 404 Reporting and Recent PCAOB Activities
- Discussion of Strategies for 2005
- Audit Committee Oversight
- Evaluation of Material Weaknesses
- Reporting and Communications Issues
- Multi-Location Issues
- Small Business Panel
February 16, 2005*
- SAG Discussion Topics:
- Auditor's Reporting Model
- Risk Assessment in Financial Statement Audits
- Emerging Issues Discussion
November 17th and 18th 2004*
- SAG Discussion Topics:
- Standards-Setting Priorities
- Proposal to Reconsider the GAAS Hierarchy of Auditing Standards and Guidance
- Potential New Codification Framework for PCAOB Auditing Standards
- Potential Standard - Elements of Quality Control
- Reporting on a Correction of a Material Weakness
- Challenges of Section 404
September 8th and 9th 2004*
- SAG Discussion Topics:
- Financial Fraud
- Related Party Transactions
- Auditing Fair Value
- Audit Confirmations
June 21st and 22nd 2004*
- SAG Discussion Topics:
- Scope of PCAOB's Standard-Setting Activities
- SAG Objectives and Operations
- Prior Standard-Setting Activities
- Revision of the GAAS Hierarchy
- Prioritization and Review of Existing Standards Including Consideration of New Standards
- Potential Project - Auditor's Responsibility for Communications to Investors Containing Financial Information
- Potential Standard - Engagement Quality Reviews
- Potential Standard - Communications and Relations with Audit Committees
- Potential Standard - Quality Control Standards
*A CAQ summary of this meeting is not available.