PCAOB Revises Standard-Setting, Research, and Rulemaking Agendas Following Record-Setting Action in 2023

The PCAOB took more action on standard setting and rulemaking in 2023 than any year in the last 10 years

Washington, DC, Nov. 1, 2023

The staff of the Public Company Accounting Oversight Board (PCAOB) today posted revised standard-setting, research, and rulemaking agendas, following record action in 2023.

  • In 2023, the Board has taken more formal actions on standard setting and rulemaking than any year in the last 10 years, issuing four proposals – with one more expected to be considered before year’s end – and adopting a final confirmation standard and related amendments that had previously been stalled since 2010.
  • By the end of 2023, it is anticipated the Board will have considered five proposals – more than any single year in PCAOB history since the first set of standards and rules were proposed in 2003.
  • Over the past two years, the Board has issued six proposals – with one more expected later this year – and adopted two standards and related amendments.

The standard-setting, research, and rulemaking projects can be found on the Standard-Setting, Research, and Rulemaking Projects page.

“We have made incredible progress for investors thanks to the hard work of the talented PCAOB staff, and we are just getting started,” said PCAOB Chair Erica Y. Williams. “Our commitment to modernizing our standards and rules remains stronger than ever as we continue working to get these agendas done and done right for investors.”

Standard-Setting Project Updates

Short-Term Agenda

Of the 10 standard-setting projects on the short-term agenda:

  • Two have been adopted, including: Other Auditors and Confirmation, which had previously been stalled since 2010.
  • Four have been proposed with adoption expected in 2024, including: Quality Control, Noncompliance with Laws and Regulations, General Responsibilities of the Auditor in Conducting an Audit (AS 1000), and Amendments Related to Aspects of Designing and Performing Audit Procedures that Involve Technology-Assisted Analysis of Information in Electronic Form.
  • Four proposals are expected in 2024, including: Attestation, Going Concern, Firm and Engagement Performance Metrics, and Substantive Analytical Procedures.

Mid-Term Agenda

  • PCAOB staff added a project on Inventory to the mid-term agenda.

Research Project Updates

  • PCAOB staff added Communication of Critical Audit Matters (CAMs) to the research agenda, following input from the Investor Advisory Group.

Rulemaking Project Updates

Of the four rulemaking projects added to the agenda in May of this year:

  • One has been proposed: Contributory Liability.
  • One is expected to be proposed before the end of 2023: Follow-on Disciplinary Proceedings.
  • Two are expected to be proposed in 2024: Firm Reporting & Transparency, and Registration.

Learn more about PCAOB standard setting at our Standards page. For standards-related inquiries, please use our contact form.


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.


PCAOB Office of Communications and Engagement
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