The Office of Outreach and Small Business Liaison is responsible for executing the Board's outreach strategy, with a particular focus on the small business community. This is accomplished through a series of forums, including Forums on Auditing in the Small Business Environment and Forums for Auditors of Broker-Dealers. In 2015, a new webinar outreach initiative was undertaken in order to provide targeted updates on important and time sensitive issues.
Additionally, the Office seeks input from the small business community, including public companies, brokers, and others, on issues related to the Board's work and serves as a point of contact for anyone with questions about the Board's activities.
The Office of Outreach also acts as a liaison between the PCAOB and accounting firms and others affected by the Board's work, by:
The PCAOB holds meetings throughout the country for registered accounting firms in the small business community to learn more about the work of the Board and to give feedback directly to Board Members and staff. The program focuses on the PCAOB inspection process and the impact of new auditing standards.
The Forum for Auditors of Broker-Dealers is designed specifically for those auditors who are registered with the PCAOB because they audit brokers or dealers as well as for auditors with both small business and broker-dealer clients. The program allows participants to learn about and discuss PCAOB issues with Board members and staff.
As another way to reach investors, auditors, audit committee members and other constituents, Board members and senior staff participate in numerous programs around the world.
In 2015, the PCAOB started a webinar outreach initiative as a way to provide stakeholders with a more efficient and cost-effective way to receive timely, targeted, PCAOB updates. The webinars are not meant to replace full-day forums but may be particularly beneficial to smaller firms that are unable to take the time or afford to attend the full-day events.
The first two webinars were directed to smaller audit firms of brokers and dealers and audio recordings are available on the pages below.
The Sarbanes-Oxley Act of 2002 requires that monetary penalties imposed by the PCAOB be used to fund merit scholarships for students in accredited accounting degree programs. The Board has established the PCAOB Scholarship Program to provide a source of funding to encourage outstanding undergraduate and graduate students to pursue a career in auditing.