PCAOB Announces Roundtable Discussion Regarding Reliance Proposal

Washington, DC, May 14, 2008 – The Public Company Accounting Oversight Board will host a roundtable discussion on June 25, 2008 on a proposal regarding the circumstances in which it could rely fully on non-U.S. auditor oversight bodies in the context of inspections. Representatives of investors, registered accounting firms and foreign regulators will participate in the discussion.