I have found the actions of the board to date to be highly appropriate and very responsive to the express concerns, and certainly should be commended for the manner in which the identified conduct of concern has been addressed. Over the course of the past months, the board has engaged in a number of significant steps, including the most recent action on June 18 requiring even higher standards of audit independence. In the light of that environment, the creation of this board and the assignment of the new responsibilities identified was indeed a significant task for the participants to engage in. #THE PUBLIC COMPANY ACCOUNTING OVERSIGHT BOARD PROFESSIONAL#Today, the committee meets for the purpose of reviewing the progress to date of the Public Company Accounting Oversight Board, created in an environment where the professional conduct of the accounting profession had been brought into significant question pursuant to relevant disclosures over the method by which public reporting had failed to meet professional standards. I would like to call this meeting of the Capital Markets Subcommittee to order. Also present was Representative Maloney.Ĭhairman BAKER. Present: Representatives Baker, Ose, Gillmor, Oxley (ex officio), Capito, Tiberi, Sherman, Inslee, Lucas, Clay, Matheson, Emanuel, Scott and Velazquez. The subcommittee met, pursuant to call, at 10:03 a.m., in Room 2128, Rayburn House Office Building, Hon. Subcommittee on Capital Markets, Insurance and, Oversight of the Public Company Accounting Oversight Board SPEAKERS CONTENTS INSERTS TOP OF DOC
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