Proposal for the reorganization of auditing standards.

The Public Company Accounting Oversight Board has issued for public comment a proposal for the reorganization of PCA0B auditing standards, as well as certain related amendments to its rules and standards. Comments are due by May 28.

The proposal provides a potential homework for reorganizing the PCAOB's existing interim and PCA0B-issuccl auditing standards into a topical structure with a single integrated numbering system. The proposed reorganization is intended to present the standards in a logical order that generally follows the flow...