The Standing Advisory Group of the Public Company Accounting Oversight Board will meet Thursday, Oct. 18.

The SEC's proposed rules would allow foreign private issuers to file with the SEC financial statements prepared in accordance with IFRS, as published by the International Accounting Standards Board, without a reconciliation to U.S. generally accepted accounting principles. The SEC's concept release seeks comment on whether U.S issuers should be allowed to file financial statements prepared in accordance with IFRS, as published by the IASB.

The advisory group will also discuss the oversight board's current standards-setting priorities. The discussion will also include a report on the standards-related accomplishments during the past year. 

Also, members of the PCAOB Office of Research and Analysis will present their research in a working paper entitled "Changes in Market Responses to Financial Statement Restatement Announcements in the Sarbanes-Oxley Era."

The meeting is from 8:30 a.m. to 4:30 p.m. at The Army and Navy Club, 901 17th Street, NW, Washington, DC. The meeting is open to the public and will be Webcast on www.pcaobus.org. The agenda is available on the Web site.