PCAOB Seeks Input into its 2018-2022 Strategic Planning Through a Public Survey
The Public Company Accounting Oversight Board is seeking input into its 2018-2022 strategic planning through a public survey. Following the recent appointment of five new Board members, the PCAOB is taking a fresh look at the organization and its future direction in fulfilling its mission.
Each year, the PCAOB prepares a strategic plan with a five-year outlook. The PCAOB strategic plan is intended to align Board programs, operations, and activities with its overall mission, goals, and objectives. This year, the Board is including in its planning process a survey to obtain the views of external parties who have an interest in the PCAOB, such as investors, auditors, preparers, audit committee members, and academics.
The brief, 10-15 minute survey asks for participants' perspectives on the PCAOB's vision, priorities, and opportunities in fulfilling its mission. Survey responses are requested by May 15, 2018. The survey may be taken anonymously. Data gathered from the survey will be aggregated for analysis.
"The PCAOB has accomplished a great deal in the 15 years since it was established by Congress. With the appointment of five new board members, this is the right time to review that progress, and identify what we are doing well and what we can do better," said PCAOB Chairman William D. Duhnke.
"We have a responsibility to make sure we are fulfilling our mandate and providing careful stewardship of our resources. We look forward to receiving input from all interested parties," he added.
To assist it in developing its strategic plan and to conduct the survey, the PCAOB has engaged the National Academy of Public Administration, an independent, nonprofit, and nonpartisan organization established in 1967 to assist leaders in building more effective and efficient organizations.
The PCAOB is a nonprofit corporation established by Congress to oversee the audits of public companies in order to protect investors and the public interest by promoting informative, accurate, and independent audit reports. The PCAOB also oversees the audits of brokers and dealers, including compliance reports filed pursuant to federal securities laws, to promote investor protection.