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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Mar. 13, 2025

The PCAOB has published an auditor resource on Form AP, a required form that helps investors and others know who has worked on audits.

Inspections
Mar. 12, 2025

The PCAOB has sanctioned an engagement partner for multiple audit failures and a violation of independence requirements.

Enforcement
Mar. 12, 2025

The PCAOB has sanctioned PwC Singapore for violations of PCAOB rules and quality control standards.

Enforcement
Mar. 11, 2025

The PCAOB announced settled disciplinary orders sanctioning nine firms from KPMG’s global network for violations of PCAOB rules and standards, including quality control standards.

Enforcement