Center for Economic Analysis

The Center for Economic Analysis, which began operations in 2014, studies and advises the Board and PCAOB staff on the role of the audit in capital formation and investor protection and how economic theory and analysis can be used and further developed to enhance the effectiveness of PCAOB programs.

The Center works to integrate economics and rigorous data analysis across the entire range of PCAOB programs, including standard setting, inspections, enforcement, and risk assessment.

The Center's activities include:  

  1. Preparing economic analysis to inform standard setting and other PCAOB rulemaking
  2. Fostering economic research on audit-related topics including the role and relevance of the audit in capital markets
  3. Developing economic tools for use in PCAOB oversight programs

About the Center's activities

Post-Implementation Review

Post-implementation review is an important component of high-quality economic analysis of regulatory decision-making. The PCAOB has established a program under which the staff of the Center for Economic Analysis conducts post-implementation reviews of PCAOB rules and standards. The objective of the post-implementation review program is to look back at significant rulemakings, after a reasonable period of time has passed, to evaluate the overall effect of the rule or standard. 

Latest Working Papers

Working papers from the Center are written by PCAOB staff economists and/or economic research fellows. Working papers are preliminary materials that have not been approved by the Board and reflect only the views of the author(s). (Note: Italic name indicates PCAOB staff economist; bold name indicates current or former fellow.)

Our working papers

Conference on Auditing and Capital Markets

The Center, in conjunction with the Journal of Accounting Research, organizes an annual conference to foster high quality economic research on audit-related topics, including the economic impact of auditing and audit regulation on capital markets.

2017 conference announcement and call for papers

General conference information and details on past conference agendas

Economic Research Fellowships

The Center maintains an economic research fellowship program that is intended to generate high quality, publishable economic research on topics that are of direct relevance to the mission of the PCAOB. Among other things, the fellowship program provides a way for the Board to obtain an outside perspective in analyzing data collected by the PCAOB through its oversight activities. The Center solicits applicants for:

  • Senior Fellows. Tenured or tenure-track junior faculty members in economics, finance, accounting, or a related area
  • Fellows. Completed all course work in a doctoral program in economics, finance, accounting, or a related area, and should be actively performing research or writing a dissertation

Economic research fellowships