The PCAOB mission is to oversee the auditors of public companies. Although the Board has no authority over public companies, PCAOB work has important implications for public companies and their audit committees.
The PCAOB is funded primarily by assessments collected from public companies and other issuers, whether they are located inside or outside of the United States.
Below are links to resources and information that may be of interest to public companies and their audit committees.
Registered Accounting Firms
Find information about accounting firms registered with the PCAOB.
Trends and Emerging Issues in Auditing
Standing Advisory Group
Forum on Auditing in the Small Business Environment
The PCAOB holds meetings throughout the country for registered accounting firms in the small business community to learn more about the work of the PCAOB and to give feedback directly to Board Members. The program focuses on the PCAOB inspection process and the impact of new auditing standards.
Standard Setting and Rulemaking: Open for Comment
Accounting Support Fee
The primary source of funding for PCAOB operations is the yearly Accounting Support Fee that is paid by the companies whose financial statements must be audited by PCAOB-registered firms. These include public companies, other issuers, brokers and dealers. Each year's Accounting Support Fee is equal to the PCAOB budget for that year, which is approved by the Securities and Exchange Commission (SEC), minus the amount of registration and related annual fees paid by registered firms, as required by the Sarbanes-Oxley Act, as amended by the Dodd-Frank Act.
Each issuer pays a share of the Accounting Support Fee that is based on the issuer's U.S. equity market capitalization. An issuer's failure to pay its allocated share of the Accounting Support Fee constitutes a violation of the Securities Exchange Act of 1934 and is reported to the SEC.
Speeches & Statements on the PCAOB and Public Company Audit Committees
- Board Member Jay D. Hanson, 32nd Annual Current Financial Reporting Issues Conference, Financial Executives International:PCAOB Update for Those on the Front Lines of Financial Reporting (Nov. 19, 2013)
- Board Member Jeanette M. Franzel, NACD Board Leadership Conference 2013: Achieving High Quality Audits to Promote Integrity and Investor Protection (Oct. 13, 2013)
- Board Member Jay D. Hanson, AICPA National Audit Committee Forum (Sept. 13, 2013)
- Board Member Jay D. Hanson, American Accounting Association 2013 Annual Ohio Region Meeting: Keynote Address (May 10, 2013)
- Board Member Jay D. Hanson, Baruch College 12th Annual Financial Reporting Conference: Keynote Address (May 2, 2013)
- Chairman James R. Doty, ICAS Aileen Beattie Memorial Lecture: The Role of the Audit in the Global Economy (April 18, 2013)
- Chairman James R. Doty, William & Mary Mason School of Business Norfolk Southern Excellence in Financial Reporting Conference: Keynote Address (April 13, 2013)
- Chairman James R. Doty, Rice University Director-to-Director Exchange: Keynote Address (March 27, 2013)
- Chairman James R. Doty, Florida Bar Association 31st Annual Federal Securities Institute: Keynote Address (Feb. 14, 2013)
- Chairman James R. Doty, University of Texas 35th Annual Conference on Securities Regulation and Business Law: Remarks on the Global Audit (Feb. 8, 2013)
- Board Member Jeanette M. Franzel, American Accounting Association Midyear Conference and Doctoral Consortium: Protecting Investors by Seizing the Opportunity to Strengthen Audit Quality (Jan. 18, 2013)