The Public Company Accounting Oversight Board announced that it will host a public roundtable and reopen public comment regarding its proposed standard, "Communications With Audit Committees." The standard is designed to further strengthen the audit committee's oversight of the audit process as established by the Sarbanes-Oxley Act. It would supersede PCAOB interim standard AU 380 on communication with audit committees and AU 310 on appointment of the independent auditor and would amend several other interim standards. The roundtable will occur on September 21, 2010, and the comment period, which was originally open from March 29, 2010 to May 28, 2010, will extend until October 21, 2010. Any new auditing standards and amendments to interim auditing standards adopted by the PCAOB must be submitted to the Securities and Exchange Commission for approval. PCAOB Release.