As established in its charter, the SAG will primarily conduct its business by carrying out specific tasks assigned by the PCAOB. In general, to "promote candor," its proceedings will generally not be open to the public.

“Building on our concerted effort to improve our outreach over the last several years, we are now taking the PCAOB’s engagement to a higher level by creating a new, more effective structure for the Board to receive advice from our stakeholders on key PCAOB initiatives,” said PCAOB Chairman William D. Duhnke III. “The formation of the Standards Advisory Group extends the dialogue we’ve advanced with investors and others since 2018 and gives stakeholders additional and tangible opportunities to assist the Board in accomplishing its mission.”