RegAlertRule · SEC · 19 Sep 2000
SEC Chief Accountant Letter to ASB Chair Re: Implementing O'Malley Panel Recommendations
The SEC Chief Accountant requests the Auditing Standards Board to provide an action plan and timetable for implementing each of the Panel on Audit Effectiveness's recommendations. The Panel issued its final report and recommendations on August 31, 2000. The SEC offers to meet with the Board to discuss the action plan and directs contact to Eric Jacobsen or John Morrissey.
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September 19, 2000 Ms. Deborah Lambert Chair Auditing Standards Board c/o Johnson Lambert & Co. 7500 Old Georgetown Rd., Suite 700 Bethesda, MD 20814-6133 Dear Ms. Lambert: Both Chairman Levitt and I testified regarding the May 31, 2000 Exposure Draft issued by the Panel on Audit Effectiveness (the "Panel"). As you are aware, the Panel issued its final report and recommendations on August 31, 2000. Accordingly, we are requesting that the Auditing Standards Board provide us with its action plan and timetable for implementing each of the Panel's recommendations. We would be pleased to meet with you to discuss your action plan. Please contact Eric Jacobsen or John Morrissey at (202) 942-4400 to set up a meeting. Sincerely, Lynn E. Turner Chief Accountant Cc: Mr. Charles Bowsher, Chairman - Public Oversight Board Mr. James Gerson, PricewaterhouseCoopers LLP
http://www.sec.gov/info/accountants/staffletters/asb091900.htm
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Modified: 07/31/2001
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