PCAOB Scores More Time To Inspect Foreign Firms

Law360, New York (June 3, 2009, 12:00 AM EDT) -- The U.S. Securities and Exchange Commission has agreed to give the Public Company Accounting Oversight Board an additional year to inspect nearly two dozen foreign registered accounting firms so that the board can have more time to coordinate with local authorities.

The SEC approved the PCAOB's request in an order issued May 28, allowing the board to amend its inspection rules so that any foreign registered public accounting firm that was supposed to be inspected by the end of 2008 will now have until the end...
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