Update From the PCAOB

At Foley’s sixth annual National Directors Institute on March 8, 2007 in Chicago, “Update from the PCAOB” was a featured breakout session focusing on a number of issues relating to the public company audit process. The discussion focused on items that might be of interest to audit committee members and directors of public companies. The panel prefaced the presentation with the disclaimer that the views expressed by the panel members are solely their own and not necessarily those of the Public Company Accounting Oversight Board (PCAOB), its members or its staff. Daniel L. Goelzer, PCAOB board member, and Jarett Decker, Deputy Director, Chief Trial Counsel, served on the panel.