How does the PCAOB work with other groups involved in audit standards setting?
Carmichael: PCAOB representatives meet regularly in a forum on auditing standards setting with the U.S. Government Accountability Office [GAO] and the AICPA’s Auditing Standards Board, which established the standards that the PCAOB uses today on an interim basis. In addition, we have a nonvoting seat at the International Auditing and Assurance Standards Board’s meetings on international auditing standards, because of the importance of convergence of international standards at a high level of quality. CPAJ: Thanks for spending the time with us. What final thought would you like to convey? Carmichael: I’d like to reiterate how fortunate I have been in being able to assemble a first-rate staff for the Office of the Chief Auditor, to get the wholehearted support and participation of the board members in the standards-setting effort, and to get active participation in standards setting through the SAG from investors, audit committee members, and others interested in protecting investors. Al
