PCAOB International Institute on Audit Regulation

The PCAOB established the Institute in 2007 to provide regulators from around the world an opportunity to learn about the PCAOB's approaches to auditor oversight that serve to protect the interests of investors and increase the quality of audits.

In 2015, in light of the development of independent oversight around the world over the past decade, the focus of the Institute was changed to promote thought leadership and the sharing of experiences regarding key advancements and issues in global audit oversight.

2018 Institute

In 2018, the PCAOB hosted the 12th annual International Institute on Audit Regulation.  Nearly 90 officials from audit regulators in 42 non-U.S. jurisdictions as well as nine officials from five international organizations attended.   

At the Institute, the five PCAOB Board Members shared the Board’s vision and strategic priorities and had the opportunity to exchange ideas with representatives from many of its counterparts.  Additional presenters included other financial market regulators, foreign audit regulators, investors, audit committee members, academics, and experts in economics and public policy, addressing a variety of topics relating to audit quality and audit regulation. 

Speakers stressed the importance of robust audit firm governance and provided views on the role served by independent directors.  Strong firm quality management processes were also emphasized.  Experts shared their views on the increasing use of technology in financial reporting and auditing and its potential impact – both actual and perceived – on audit quality as well as potential cybersecurity threats to issuers, auditors, and audit regulators.   Investors and audit committee members provided their perspectives on audit quality and the role of auditors, advocating for transparency and an enhanced dialogue about elements of audit quality.