Auditing standards available on AICPA and PCAOB Web sites.

In Apr. the Securities and Exchange Commission approved the Public Company Accounting Oversight Board's decision to adopt the AICPA's auditing standards as the PCAOB's interim auditing standards. Cooperative discussions since that time have resulted in the PCAOB publishing the interim standards for audits of public companies and making them available free of charge through its Web site (www.pcaobus.org).

The AICPA, in a coordinated effort to better serve non-members and members, recently made authoritative standards for audits of non-issuers available to the public on its Web site (www.aicpa.org/ members/div/auditstd/ index.htm). The AICPA decided to make the standards available online to demonstrate its commitment to further enhancing the public's understanding of the audit process. This step will eliminate confusion and ensure the greatest clarity for auditors; they now have ready access to current information from both organizations.