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PCAOB- Auditor Oversight and its Implications on the Resilience of our Capital Markets

PCAOB- Auditor Oversight and its Implications on the Resilience of our Capital Markets

by Toby Lucich on October 12, 2006

Speech Text by Chairman Mark W. Olson

At the FEE Conference on Audit Regulation
in Brussels, Belgium
October 12, 2006

I appreciate the opportunity to join you this morning to discuss auditor oversight and its implications on the investor confidence in our capital markets. Financial regulators and supervisors play a critical role in strengthening the infrastructure of our markets, including by enhancing the reliability of financial information. On that note, I specifically would like to share with you today some thoughts on how the efforts of the Public Company Accounting Oversight Board (or PCAOB) and counterpart bodies around the world can strengthen confidence in audited financial statements.

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