PCAOB Shares Perspectives From 2022 Conversations With Audit Committee Chairs

Today the PCAOB released a new staff Spotlight publication, “2022 Conversations With Audit Committee Chairs(PDF).”

The PCAOB has made it a strategic priority to engage directly and regularly with audit committees, which play a vital role in furthering the collective goal that public companies have appropriate policies and controls for the preparation of accurate financial statements and share a goal of promoting high-quality auditing through the oversight of external auditors.

In 2022, more than 200 audit committee chairs accepted our invitation to discuss topics related to the 2021 audit of their company’s financial statements. PCAOB staff took notes during those conversations and analyzed them for recurring themes, which are presented as high-level observations and takeaways in this publication.

Visit the PCAOB’s Information for Audit Committees page to sign up for updates and to find more resources aimed at helping audit committees understand the PCAOB's activities and observations.

*****

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.