PCAOB Investor Advisory Group Meeting

The public portions of the meeting will be streamed live on the PCAOB website.

Afternoon Session

Morning Session

Agenda

9:30 a.m. – 9:45 a.m.

Welcome and introductions – Board Member Jay Brown, IAG chair

9:45 a.m. – 10:45 a.m.

Strategic plan implementation & prioritization –

Obtain input on implementation of goals and priorities outlined in the Board’s draft strategic plan

  • Goal One – Improvement in audit quality.
  • Goal Two – Responding to changes in the audit environment.
  • Goal Three – Enhance transparency & stakeholder engagement.

10:45 a.m. – 11:15 a.m.

Break

11:15 a.m. – 12:15 p.m.

Strategic plan implementation & prioritization discussion (cont’d)

  • Goals Four and Five – Pursuit of operational excellence, including development of people.
  • Prioritization of goals – discussion.

12:15 p.m. – 1:30 p.m.

Lunch

1:30 p.m. – 3 p.m.

Breakout sessions:

  • Seek input on potential improvements to quality control standards.

Materials: Quality control standards; 2017 Staff Inspection Brief; and 2016 Staff Inspection Brief

  • Seek input on implementation of: (1) the new auditor reporting model (ARM); and (2) audit participants (Form AP).

Materials: ARM adopting release; SEC approval order; ARM fact sheet; ARM staff guidance; Form AP resource page; and Form AP staff guidance.

3 p.m. – 3:30 p.m.

Break

3:30 p.m. – 4:15 p.m.

Report back from breakout sessions

4:15 p.m. – 4:30 p.m.

IAG chair’s wrap up