Audit committees play a vital role in promoting high quality auditing through their oversight of the audit process and the auditor. An engaged and informed audit committee serves as an effective force multiplier in promoting audit quality for the benefit of investors. The Board has made it a strategic priority to interact more often and more directly with audit committees.

PCAOB Inspections

As part of the PCAOB inspections process, we reach out to nearly all of the audit committee chairs of the U.S. issuers whose audits we inspect and invite them to speak with us.

Basics of Inspections

Firm Inspection Reports

Resources for Audit Committees

The PCAOB is committed to providing timely and relevant information to audit committees in areas of common interest, including auditor independence, auditor communications with the audit committee, PCAOB inspections reports, audit quality, critical audit matters, among other topics. 

Resources for Audit Committees

Recent Updates

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Nov. 20, 2024

The PCAOB has completed the series of in-person forums for auditors of smaller businesses and broker-dealers planned for 2024, reflecting a renewed focus on supporting smaller audit firms.

About the PCAOB
Nov. 19, 2024

The PCAOB has sanctioned five firms for violations of rules related to required reporting.

Enforcement
Nov. 14, 2024

The PCAOB has adopted a rule amendment aimed at enhancing the usefulness of audit firm registration information.

Standards
Nov. 13, 2024

The PCAOB has launched a new series of staff publications, Audit Focus, with a first edition providing insights on critical audit matters.

Inspections