Inspections Modernization Council

The Inspections Modernization Council (IMC) is a resource group composed of outside parties with a stake in the PCAOB’s inspection activities. The IMC’s objective is to provide the PCAOB Chairman, Board, and/or PCAOB staff with the views of IMC members on the PCAOB’s inspection activities, including:  

• Serving as a source of knowledge, experience, perspectives, and recommendations regarding the PCAOB’s inspection oversight activities, including potential modernizing changes to the inspection program; and   

• Providing the PCAOB with IMC members’ perspectives on current and developing technologies, as they may be applied to or used in connection with the PCAOB’s inspection oversight activities. 

Discussion Materials

The following materials were shared for discussion purposes with the Inspections Modernization Council.

Note: the materials posted below were prepared by PCAOB staff for discussion purposes. Except for the Board’s authorization to share and post the materials, the materials have not otherwise been approved, adopted, requested, directed, selected, or authorized by the Board.

• Presentation: Modernizing PCAOB Inspections
• Illustrative Example: Modernized Inspection Report
• Discussion Draft: Staff Guidelines for Developing a Satisfactory Remediation Plan
• Analysis: Satisfactory and Unsatisfactory Remediation Determinations

Members

Contact

For questions about the IMC, please email [email protected].