PCAOB Posts 2019 Staff Inspections Outlook for Audit Committees

The PCAOB posted to its website the 2019 Staff Inspection Outlook for Audit Committees.  The Board’s new strategic plan anticipated enhanced external engagement and more proactive communication with stakeholders, including audit committees, to inform them about the PCAOB’s core activities—including inspections—and to maintain an ongoing dialogue with them.

This Audit Committee Outlook provides an overview of what audit committees should expect from the PCAOB’s 2019 inspections as a supplement to the 2019 Inspections Outlook issued in December 2018.

The PCAOB staff prepares inspection briefs to help auditors, audit committees, investors, and preparers to understand the PCAOB inspection process and its results.

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About the PCAOB

The PCAOB is a nonprofit corporation established by Congress to oversee the audits of public companies in order to protect investors and further the public interest in the preparation of informative, accurate, and independent audit reports. The PCAOB also oversees the audits of brokers and dealers registered with the Securities and Exchange Commission, including compliance reports filed pursuant to federal securities laws.