July 8, 2004 -- Asher & Company, Ltd. is one of 1,025 national firms and one of only four Philadelphia-based firms (as of July 2004) registered with the year-old Public Company Accounting Oversight Board (PCAOB).  This distinction authorizes Asher to serve as the auditor for public companies required to provide audited financial statements to the SEC .  Associates and clients of Asher can have confidence in the integrity and high standards that Asher meets to be registered with the PCAOB. 

The PCAOB was formed as a result of the Sarbanes-Oxley Act of 2002, which President George W. Bush signed into law in July 2002.  The PCAOB is a private-sector non-profit corporation which was formed to oversee auditors of public companies in order to protect the interest of investors and further the public interest in the preparation of informative, fair and independent audit reports.  Accounting firms registered with the PCAOB are subject to inspections by the PCAOB and disciplinary actions for violations.

The PCAOB’s application consists of nine parts, including a listing of the applicant’s public company audit clients and related fees, quality control policies, pending private civil actions, discretionary statement regarding proceedings involving the applicant’s audit practice, and the existence of any disagreements with issuer. The applicant must also submit an annual report, and a non-refundable registration fee. There is a sample registration form on PCAOB’s website at www.pcaobus.org.

Our PCAOB registration further distinguishes Asher & Company, Ltd. as an industry leader in the greater Philadelphia region. For more information, contact Joe Beach at 215-564-1900 .

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