PCAOB SAG Meeting on May 18-19 to Focus on Non-GAAP Measures, the Auditor's Reporting Model, and Supervision of Other Auditors

WASHINGTON, May 6, 2016

The Public Company Accounting Oversight Board today published the agenda for its upcoming Standing Advisory Group meeting featuring discussions on the auditor's role regarding non-GAAP and other company performance measures, the auditor's reporting model, and how lead auditors supervise other auditors. The meeting will be held May 18-19, 2016, in Washington.

On Wednesday, May 18, staff of the PCAOB Office of the Chief Auditor will commence a discussion on company performance measures, including non-GAAP measures, and the role of auditors. After the presentation, the group will split into breakout sessions to further discuss the topic. The breakout sessions will be closed to the public, but a summary of the discussions will be presented on Thursday, May 19.

Also on Wednesday, SAG members will engage in a discussion on the auditor's reporting model. In addition, meeting participants will discuss emerging audit issues and receive updates on recent PCAOB developments and the standard-setting agenda.

Thursday will begin with a report on the previous day's breakout sessions on company performance measures and the role of the auditor. The agenda also will feature a discussion of a recent Board proposal to strengthen requirements for auditor supervision of other auditors.

The meeting will be held at the Washington Plaza Hotel, 10 Thomas Circle NW, Washington, DC. The meeting is open to the public and can be viewed by webcast from the PCAOB website. A recording will be available in the archive the next day.

The Standing Advisory Group advises the PCAOB on the development of auditing and related professional practice standards. The SAG includes investors, auditors, public company executives, and others. More information on the Standing Advisory Group is available on the PCAOB website.