The Securities and Exchange Commission approved the Public Company Accounting Oversight Board's (PCAOB) conforming amendments to its interim standards resulting from the adoption of PCAOB Auditing Standard no. 2.

* The Securities and Exchange Commission approved the Public Company Accounting Oversight Board's (PCAOB) conforming amendments to its interim standards resulting from the adoption of PCAOB Auditing Standard no. 2, An Audit of Internal Control Over Financial Reporting Performed in Conjunction With an Audit of the Financial Statements (www.pcaobus.org/rules_of_the_board/rulemaking_docket.asp). The amendments will help auditors perform integrated audits of financial statements and internal control and, by applying certain concepts developed in Standard no. 2, will assist auditors engaged solely to audit the financial statements. The AICPA recently published two practice aids (PCAOB Auditing Standard No. 2: A Guide for Financial Managers, product no. 006619JA, and The Auditor's Guide to Understanding PCAOB Auditing Standard No. 2, product no. 006620JA) by Michael Ramos, CPA and Sarbanes-Oxley compliance expert, to help financial managers and external auditors understand the standard's requirements. Both publications can be ordered from the AICPA online (www.cpa2biz.com) or by phone [phone]).