The Standing Advisory Group was created in 2003 to assist the board in carrying out its standards-setting responsibilities.

The group consists of 31 members with expertise in a variety of fields, including accounting, auditing, corporate finance, corporate governance, and investing in public companies.

The board solicits nominations and re-nominations annually and is currently seeking to fill 15 positions. Appointments are for two-year terms. Members will be selected by the board based on nominations, including self-nominations, received from any person or organization.

Current members, with terms expiring this year, may be re-nominated for another term. The nomination forms are available under Standards on www.pcaobus.org. The deadline for submissions is June 15, 2007.

Appointments will be announced by the end of October, and the new terms will begin in January 2008. The group meets approximately three times a year.