The CAQ - Center for Audit Quality

Second Supplement to Report of Major Public Company Audit Firms to Department of Treasury Advisory Committee on the Auditing Profession

Second Supplement to Report of the Major Public Company Audit Firms to the Department of the Treasury Advisory Committee on the Auditing Profession (4/16/08)

Table of Contents

Second Supplement Transmittal

Appendix A

Appendix B

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The six audit firms that each audit more than 300 U.S. public companies¹ – under the leadership of the Center for Audit Quality (“CAQ”) – are pleased to submit this second supplement to the Report of the Major Public Company Audit Firms to the Department of Treasury Advisory Committee on the Auditing Profession, dated January 23, 2008 (the “Report”).

Appendix A reflects the number of private actions pending against the six audit firms as of March 21, 2008.

Appendix B further describes the information found in Appendix A by breaking down the cases into shareholder class actions and trustee/company cases, with a handful of cases being reported as both.

¹These firms are BDO Seidman LLP, Deloitte & Touche USA LLP, Ernst & Young LLP, Grant Thornton LLP, KPMG LLP, and PricewaterhouseCoopers LLP. All references in this report to “firms” means these six firms, collectively.