On September 10th, the SEC requested comment on the PCAOB's proposed adoption of Auditing Standard No. 16, Communications with Audit Committees, related amendments to its interim auditing standards, and transitional amendments to AU Section 380, Communication with Audit Committees. The proposed standard would require the auditor to communicate with the company's audit committee regarding certain matters related to the conduct of an audit and to obtain certain information from the audit committee relevant to the audit. The standard would also require the auditor to establish an understanding of the terms of the audit engagement with the audit committee and to record that understanding in an engagement letter. Comments should be submitted within 21 days after publication in the Federal Register, which is expected during the week of September 17. SEC Release No. 34-67807.