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good morning everyone Im Barbara vanish Chief auditor and director of Professional Standards at the pcob and its my pleasure to be with you today I would like to welcome you to this meeting of the standards and emerging issues Advisory Group of the public Company accounting oversight board I would like to welcome our members observers board members and the public watching this meeting we have a full agenda today this morning you will be primarily hearing from us first chair Williams will make a few remarks and then I will provide a brief standard setting update after that the office of Economic and risk analysis will provide you with an update on our post implementation reviews of critical audit matters and estimates and specialist standards after lunch we hope primarily to hear from you first we have a session ongoing concern and then well talk about substantive analytical procedures in addition the board is approved the formation of a five-member emerging issues and auditing subco