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In May 2022, NASBA Past Chair Diane Rubin, CPA, was appointed to the newly formed Public Accounting Oversight Board (PCAOB) Standards and Emerging Issues Advisory Group (SEIAG). According to a recent PCAOB announcement, the SEIAG was established to advise on existing standards, proposed Diane Rubin standards, potential new standards, and emerging issues that are of significance to the PCAOB to protect the interests of investors and further the public interest in the preparation of informative, accurate, and independent audit reports. Following a nomination process launched in January 2022, the Board selected 12-members to serve through December 31, 2023. The SEIAG structure allows for a NASBA observer, currently Colleen K. Conrad, CPA, along with observers representing the Securities Exchange Commission (SEC), AICPA Auditing Standards Board and the International Ethics Standards Board for Accountants (IESBA). The advisory group held its first public meeting on Wednesday, June 15. |
