At the PCAOB we perform an important public service. Our mission is to protect investors and further the public interest in the accuracy of financial reporting.
The Sarbanes-Oxley Act was passed and the PCAOB created at a time of financial turmoil associated with the failures of major companies, such as Enron and WorldCom. Financial issues continue to emerge, markets change, and the PCAOB continues to evolve and position itself to address these new challenges.
While the financial environment has changed, our mandate to protect investors has not changed and the need for vigilance remains. To that end, we continue to refine and further develop our supervisory oversight model, which integrates our approach to registration, inspection, standard-setting, enforcement and support functions. I believe we are making real progress in achieving our mission. I also believe that the PCAOB is contributing to a reduction in the risk of financial reporting failures and to a renewed confidence in the financial reports of public companies traded in U.S. securities markets.
We invite you to join us—to be a part of changing the world of professional auditing. At the PCAOB we have an outstanding team of individuals in auditing, accounting, finance, and other professional and technical areas required to support our mission.
We continue to look for people who are attracted to enhancing public policy and who appreciate working in a spirit of cooperation and teamwork. If this describes you, we hope you will consider joining us.