PCAOB establishes advisory group.

The Public Company Accounting Oversight Board in April convened a standing team of outside professionals to add a multidisciplinary perspective to the board's standard-setting activities. William J. McDonough, PCAOB chairman, said the advisory group will advise the board on standard-setting priorities and policy implications of existing and proposed standards. The body's 30 members--who were selected on the basis of their qualifications, not the organizations they represent--have expertise in a variety of fields, including accounting, auditing, corporate finance, corporate governance and investing in public companies. The board also invited the Financial Accounting Standards Board, the General Accounting Office, the International Auditing and Assurance Standards Board and the Securities and Exchange Commission to participate as observers. The advisory group will participate in both open and executive PCAOB sessions. A roster of its members is available at www.pcaobus.org/pcaob_standing_advisory_group.asp.