Briefing Paper on Proposed Rule - Public Company Accounting ...

BRIEFING PAPERApril 16, 2003 Public Meeting of the BoardProposed Ethics CodePage 4 of 5effect until approved by the Commission.* * * * *The PCAOB is a private-sector, non-profit corporation, created by the Sarbanes-OxleyAct of 2002. Its mission is to protect investors in the U.S. securities markets and tofurther the public interest by ensuring that public company financial statements areaudited according to the highest standards of quality, independence and ethics. TheBoard will be principally funded by fees collected from public companies. The costs ofprocessing and reviewing public accounting firm registration applications and annualreports will be recovered from fees paid by those firmsMedia Contact:Other Contact:Christi Harlan, Public Affairs Director202-207-9049Gordon Seymour, Acting General Counsel202-207-9034orDonald Marlais, Special Counsel to Board Member Gillan202-207-9063