Inspections Modernization Council

The PCAOB is seeking outside experts to serve on a new advisory body: the Inspections Modernization Council (IMC).  

The IMC’s objective is to provide the PCAOB Chairman, Board, and/or PCAOB staff with the views of IMC members on the PCAOB’s inspection activities, including: 

  • Serving as a source of knowledge, experience, perspectives, and recommendations regarding the PCAOB’s inspection oversight activities, including potential modernizing changes to the inspection program; and  

  • Providing the PCAOB with IMC members’ perspectives on current and developing technologies, as they may be applied to or used in connection with the PCAOB’s inspection oversight activities. 

Who Should Apply 

The Board seeks participants with capital markets expertise and knowledge relevant to the PCAOB’s inspection programs, including investors, audit committee members, financial executives at public companies, academics, technologists, other regulators, and practitioners from public accounting firms of varying sizes. Applicants should have a demonstrated commitment to the interests of investors and the public. 

How to Apply 

Individuals interested in serving on the IMC should submit a letter of interest describing their relevant experience and qualifications, together with a current résumé or curriculum vitae to [email protected].  

Application materials should address the applicant’s expertise relevant to the IMC’s work, including, as applicable, experience in capital markets, audit oversight, financial reporting, audit committee service, investor protection, academic research, technology, or public accounting.  

The application period will close on June 15, 2026. 

Selection Process 

The PCAOB will review applications and select participants based on the needs of the IMC and the relevance of each applicant’s experience, expertise, and perspective. In making selections, the PCAOB may consider factors such as subject-matter knowledge, professional experience, the ability to contribute to the IMC’s objectives, and the value of including a range of viewpoints and backgrounds. Submission of an application does not guarantee appointment, and the PCAOB may contact applicants for additional information as part of the review process. 

Duration of the IMC 

The IMC is authorized to exist for a period of 18 months from the date of approval of the prospective IMC members, unless sooner dissolved by the Board in its sole and absolute discretion. The Board may, in its sole and absolute discretion, extend the duration of the IMC. 

The IMC’s work is expected to be concentrated in the period between the selection of members and September 30, 2026. This work is expected to include in-person meetings in Washington, DC, in July and August 2026, and members are expected to review pre-read materials in advance and come prepared to discuss them at those meetings. For the remainder of its term, the IMC is expected to provide ad hoc advice, including on the implementation of any recommendations. 

Composition of the IMC 

The IMC shall be composed of not more than 12 members. Membership in the IMC shall be personal to the individuals selected to serve. While IMC members may be employed or otherwise affiliated with other organizations, IMC members shall serve in their personal capacities and not as representatives of particular employers. 

Compensation 

IMC members shall receive no compensation for their service. IMC members incurring expenses in connection with their service may have related travel expenses reimbursed by the PCAOB, subject to the PCAOB’s travel and business expense reimbursement policy. 

Ethical Obligations 

Selected participants may be required to provide information relevant to ethics, conflicts, independence, or confidentiality considerations before appointment or during service. 

Contact  

For questions about the IMC, please email [email protected].