Temporary Emergency Committee of the Board of Governors; Sunshine Act Meeting, 21909 [2016-08581]
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Federal Register / Vol. 81, No. 71 / Wednesday, April 13, 2016 / Notices
1. The Commission establishes Docket
No. MC2016–118 to consider the
matters raised in the Request.
2. Pursuant to 39 U.S.C. 505, Katalin
K. Clendenin is appointed to serve as an
officer of the Commission to represent
the interests of the general public in this
proceeding (Public Representative).
3. Comments are due no later than
April 15, 2016.
4. The Secretary shall arrange for
publication of this order in the Federal
Register.
or the ‘‘Sarbanes-Oxley Act’’),1 notice is
hereby given that on March 24, 2016,
the Public Company Accounting
Oversight Board (the ‘‘Board’’ or the
‘‘PCAOB’’) filed with the Securities and
Exchange Commission (the ‘‘SEC’’ or
‘‘Commission’’) the proposed rule
changes described in Items I, II, and III
below, which items have been prepared
by the Board. The Commission is
publishing this notice to solicit
comments on the proposed rule from
interested persons.
By the Commission.
Stacy L. Ruble,
Secretary.
I. Board’s Statement of the Terms of
Substance of the Proposed Rule
[FR Doc. 2016–08522 Filed 4–12–16; 8:45 am]
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POSTAL SERVICE
Temporary Emergency Committee of
the Board of Governors; Sunshine Act
Meeting
Tuesday, April 19,
2016, at 11:00 a.m.
PLACE: Los Angeles, California.
STATUS: Closed.
MATTERS TO BE CONSIDERED:
DATES AND TIMES:
Tuesday, April 19, 2016, at 11:00 a.m.
1. Strategic Issues.
2. Financial Matters.
3. Executive Session—Discussion of
prior agenda items and Board
governance.
GENERAL COUNSEL CERTIFICATION: The
General Counsel of the United States
Postal Service has certified that the
meeting may be closed under the
Government in the Sunshine Act.
On October 16, 2007, the Board
adopted amendments to its rules related
to inspections. The proposed
amendments included a new paragraph
(e) added to existing Rule 4003 and
amendments to paragraphs (b) and (d) of
Rule 4003. On October 22, 2007, the
Board filed the amendments with the
Commission and requested Commission
approval (‘‘the original rule filing’’). On
February 26, 2016 the Board adopted
revisions to those proposed
amendments and, on March 24, 2016
amended the rule filing to reflect those
revisions. The text of the revised
proposed amendments is set out below.
Language added to the Board’s currently
effective rules by these amendments is
italicized. Language deleted from the
Board’s currently effective rules is in
brackets. Other text in Section 4 of the
Board’s Rules, including notes to the
Rules, remains unchanged and is
indicated by ‘‘ * * * ’’ in the text
below.
SECTION 4. INSPECTIONS
* * *
CONTACT PERSON FOR MORE INFORMATION:
Requests for information about the
meeting should be addressed to the
Secretary of the Board, Julie S. Moore,
at 202–268–4800.
Julie S. Moore.
Secretary, Board of Governors.
[FR Doc. 2016–08581 Filed 4–11–16; 11:15 am]
BILLING CODE 7710–12–P
asabaliauskas on DSK3SPTVN1PROD with NOTICES
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–77558; File No. PCAOB–
2007–04]
Public Company Accounting Oversight
Board; Notice of Filing of Proposed
Amendments to Board Rules Relating
to Inspections
April 7, 2016.
Pursuant to Section 107(b) of the
Sarbanes-Oxley Act of 2002 (the ‘‘Act’’
VerDate Sep<11>2014
17:41 Apr 12, 2016
Jkt 238001
Rule 4003.
Frequency of Inspections
* * *
(b) At least once in every three
calendar years, beginning with the
three-year period following the calendar
year in which its application for
registration with the Board is approved,
a registered public accounting firm that,
during any of the three prior calendar
years, issued an audit report, other than
by consenting to an issuer’s use of a
previously issued audit report, with
respect to at least one issuer, but no
more than 100[,] issuers, [or that played
a substantial role in the preparation or
furnishing of an audit report with
respect to at least one issuer,] shall be
subject to a regular inspection.
* * *
(d) Notwithstanding paragraph (b) of
this Rule, with respect to any registered
1 15
PO 00000
U.S.C. 7217(b).
Frm 00074
Fmt 4703
Sfmt 4703
21909
public accounting firm that became
registered in 2003 or 2004—
(1) this Rule does not require the first
inspection of the firm sooner than the
fourth calendar year following the first
calendar year in which the firm, while
registered, issued an audit report with
respect to an issuer [or played a
substantial role in the preparation or
furnishing of an audit report]; and
(2) this Rule does not require the
second inspection of the firm sooner
than the fifth calendar year following
the first calendar year in which the firm,
while registered, issued an audit report
with respect to an issuer [or played a
substantial role in the preparation or
furnishing of an audit report].
(e) Notwithstanding any other
provision of this Rule, if, in two
consecutive calendar years, a registered
public accounting firm issues no audit
reports with respect to an issuer other
than by consenting to an issuer’s use of
a previously issued audit report, the
Board shall have the discretion to forego
any inspection of that firm that would
otherwise be required because of any
audit report that the firm had issued
with respect to an issuer prior to such
calendar years.
* * *
(h) In each calendar year, the Board
shall conduct regular inspections of
some registered public accounting firms
that reported on an annual report on
Form 2 having played a substantial role
in the preparation or furnishing of an
audit report with respect to an issuer in
any of the four most recent annual
reporting periods through March 31 of
that calendar year without having
reported on an annual report on Form
2 having issued an audit report with
respect to an issuer in any of those
reporting periods. The number of such
registered public accounting firms that
the Board shall inspect in any particular
calendar year shall be at least five
percent of the number of registered
public accounting firms that, by June 30
of the preceding calendar year, reported
on an annual report on Form 2 for the
reporting period ending on March 31 of
the preceding calendar year having
played a substantial role in the
preparation or furnishing of an audit
report with respect to an issuer without
having issued an audit report with
respect to an issuer in that reporting
period.
II. Board’s Statement of the Purpose of,
and Statutory Basis for, the Proposed
Rule
In its amended filing with the
Commission, the Board included
statements concerning the purpose of,
and basis for, the proposed rule. The
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13APN1
Agencies
[Federal Register Volume 81, Number 71 (Wednesday, April 13, 2016)]
[Notices]
[Page 21909]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-08581]
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POSTAL SERVICE
Temporary Emergency Committee of the Board of Governors; Sunshine
Act Meeting
DATES AND TIMES: Tuesday, April 19, 2016, at 11:00 a.m.
PLACE: Los Angeles, California.
STATUS: Closed.
MATTERS TO BE CONSIDERED:
Tuesday, April 19, 2016, at 11:00 a.m.
1. Strategic Issues.
2. Financial Matters.
3. Executive Session--Discussion of prior agenda items and Board
governance.
GENERAL COUNSEL CERTIFICATION: The General Counsel of the United States
Postal Service has certified that the meeting may be closed under the
Government in the Sunshine Act.
CONTACT PERSON FOR MORE INFORMATION: Requests for information about the
meeting should be addressed to the Secretary of the Board, Julie S.
Moore, at 202-268-4800.
Julie S. Moore.
Secretary, Board of Governors.
[FR Doc. 2016-08581 Filed 4-11-16; 11:15 am]
BILLING CODE 7710-12-P