Federal Register / Vol. 69, No. 226 / Wednesday, November 24, 2004 / Notices 68435

7See Release No. 33–8238 (June 5, 2003) [68 FR 

36636] and Release No. 33–8392 (February 24, 

2004) [69 FR 9722].

that Auditing Standard No. 2 is a 

superior standard to its predecessor 

attestation standard, AT 501, and the 

proposal would supersede AT 501, 

effective immediately upon approval of 

the Conforming Amendments by the 

Commission. SAS No. 60 provides 

guidance in identifying and 

communicating conditions that relate to 

a company’s internal control observed 

during an audit of the financial 

statements. SAS No. 60 for integrated 

audits (i.e., audits of both financial 

statements and internal control over 

financial reporting) would be replaced 

by portions of Auditing Standard No. 2, 

and the proposal also would amend 

SAS 60 as it applies to financial 

statement only audits.

The proposed Conforming 

Amendments have multiple effective 

dates. The amendments that affect 

integrated audits for accelerated filers 

would be effective for fiscal years 

ending on or after November 15, 2004 

(i.e., at the same time as Auditing 

Standard No. 2 for integrated audits of 

accelerated filers that are subject to the 

Commission’s rules implementing 

Section 404 7 of the Act). Those 

amendments that affect audits of 

financial statements only and those that 

affect integrated audits of nonaccelerated filers subject to the 

Commission’s rules implementing 

Section 404 of the Act would be 

effective for fiscal years ending on or 

after July 15, 2005. Finally, the 

superseding of AT 501 would be 

effective immediately upon approval by 

the Commission.

III. Discussion 

The Commission’s comment period 

on the Proposed Standard ended on 

November 3, 2004, with the 

Commission receiving two comment 

letters. The comment letters came from 

two registered public accounting firms. 

Both commenters expressed support 

for Commission approval of the 

Conforming Amendments. 

IV. Conclusion 

On the basis of the foregoing, the 

Commission finds that proposed 

Conforming Amendments are consistent 

with the requirements of the Act and the 

securities laws and are necessary and 

appropriate in the public interest and 

for the protection of investors. 

It is therefore ordered, pursuant to 

Section 107 of the Act and Section 

19(b)(2) of the Exchange Act, that the 

proposed Conforming Amendments to 

PCAOB Interim Standards Resulting 

From the Adoption of PCAOB Standard 

No. 2, ‘‘An Audit of Internal Control 

Over Financial Reporting Performed in 

Conjunction With an Audit of Financial 

Statements’’ (File No. PCAOB–2004–

08), be and hereby are approved.

By the Commission. 

J. Lynn Taylor, 

Assistant Secretary.

[FR Doc. E4–3310 Filed 11–23–04; 8:45 am] 

BILLING CODE 8010–01–P

SMALL BUSINESS ADMINISTRATION

[Declaration of Disaster # 3653] 

State of Georgia 

Charlton County and the contiguous 

counties of Brantley, Camden, and Ware 

in the State of Georgia; and Baker and 

Nassau Counties in the State of Florida 

constitute a disaster area as a result of 

damages caused by heavy rains and 

severe localized flooding from Tropical 

Storm Jeanne that occurred on 

September 25 and September 26, 2004. 

Applications for loans for physical 

damage as a result of the disaster may 

be filed until the close of business on 

January 18, 2005, and for economic 

injury until the close of business on 

August 16, 2005, at the address listed 

below or other locally announced 

locations: U.S. Small Business 

Administration, Disaster Area 2 Office, 

One Baltimore Place, Suite 300, Atlanta, 

GA 30308. 

The interest rates are:

Percent 

For Physical Damage:

Homeowners with Credit Available Elsewhere ...................... 6.375 

Homeowners Without Credit 

Available Elsewhere .............. 3.187 

Businesses With Credit Available Elsewhere ...................... 5.800 

Businesses and Non-Profit Organizations Without Credit 

Available Elsewhere .............. 2.900 

Others (Including Non-Profit Organizations) with Credit Available Elsewhere ...................... 4.875 

For Economic Injury:

Businesses and Small Agricultural Cooperatives Without 

Credit Available Elsewhere ... 2.900 

The numbers assigned to this disaster 

for physical damage are 365306 for 

Georgia and 365406 for Florida. The 

numbers assigned to this disaster for 

economic injury are 9AJ800 for Georgia, 

and 9AJ900 for Florida.

(Catalog of Federal Domestic Assistance 

Program Nos. 59002 and 59008.)

Dated: November 16, 2004. 

Hector V. Barreto, 

Administrator.

[FR Doc. 04–26015 Filed 11–23–04; 8:45 am] 

BILLING CODE 8025–01–P

SMALL BUSINESS ADMINISTRATION

[Declaration of Disaster #3652] 

State of Hawaii 

The city and county of Honolulu in 

the State of Hawaii constitutes a disaster 

area as a result of heavy rains and 

flooding that occurred on October 30, 

2004 on the island of Oahu. 

Applications for loans for physical 

damage as a result of this disaster may 

be filed until the close of business on 

January 18, 2005, and for economic 

injury until the close of business on 

August 16, 2005, at the address listed 

below or other locally announced 

locations: U.S. Small Business 

Administration, Disaster Area 4 Office, 

P.O. Box 419004, Sacramento, CA 

95841–9004. 

The interest rates are:

Percent 

For Physical Damage: 

Homeowners with Credit Available Elsewhere ...................... 5.875 

Homeowners Without Credit 

Available Elsewhere .............. 2.937 

Businesses With Credit Available Elsewhere ...................... 5.800 

Businesses and Non-Profit Organizations Without Credit 

Available Elsewhere .............. 4.000 

Others (Including Non-Profit Organizations) with Credit Available Elsewhere ...................... 4.750 

For Economic Injury: 

Businesses and Small Agricultural Cooperatives Without 

Credit Available Elsewhere ... 4.000 

The number assigned to this disaster 

for physical damage is 365206 and for 

economic damage is 9AJ700.

(Catalog of Federal Domestic Assistance 

Program Nos. 59002 and 59008.)

Dated: November 16, 2004. 

Hector V. Barreto, 

Administrator

[FR Doc. 04–26014 Filed 11–23–04; 8:45 am] 

BILLING CODE 8025–01–P

SMALL BUSINESS ADMINISTRATION

[Declaration of Disaster # 10001] 

State of Maryland 

Allegany County and the contiguous 

counties of Garrett and Washington in 

the State of Maryland; Bedford, Fulton,