Board to Meet at 1 P.M. Today to Amend Bylaws.Business Editors WASHINGTON--(BUSINESS WIRE)--April 25, 2003 The Public Company Accounting Oversight Board The Public Company Accounting Oversight Board (or PCAOB) (sometimes called "Peekaboo") is a private-sector, non-profit corporation created by the Sarbanes-Oxley Act, a 2002 United States federal law, to oversee the auditors of public companies. has announced that it will hold a special meeting at 1 p.m. today, April 25, to consider amendments to the Board's bylaws The rules and regulations enacted by an association or a corporation to provide a framework for its operation and management. Bylaws may specify the qualifications, rights, and liabilities of membership, and the powers, duties, and grounds for the dissolution of an . The meeting will be held in the Statler Room of the Capital Hilton at 16th and K Streets N.W. The meeting will NOT be Webcast. The Board adopted its bylaws Jan. 9, at a time when the Board was without a permanent chairman. The proposed amendments are intended to address the impending im·pend intr.v. im·pend·ed, im·pend·ing, im·pends 1. To be about to occur: Her retirement is impending. 2. appointment of a permanent chairman by the Securities and Exchange Commission. The PCAOB PCAOB Public Company Accounting Oversight Board is a private, non-profit corporation, created by the Sarbanes-Oxley Act See SOX. of 2002. Its mission is to protect investors in U.S. securities markets and to further the public interest by ensuring that public company financial statements are audited according to the highest standards of quality, independence, and ethics. The Board will be principally funded by fees collected from public companies. The costs of processing and reviewing public accounting firm registration applications will be recovered from registration fees paid by those firms. |
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