PCAOB Welcomes Global Partners to 14th International Institute on Audit Regulation
The Public Company Accounting Oversight Board (PCAOB) today concluded its two-day 2022 International Institute on Audit Regulation, in Washington, DC. Established by the PCAOB in 2007, the event offers regulators from around the world a chance to discuss key issues related to auditor oversight, audit quality, and investor protection. Attending the Institute this year were 76 officials from audit regulators in 38 non-U.S. jurisdictions, as well as officials from five international organizations.
“In a global economy, the work of protecting investors in U.S. markets does not stop at our borders. Oversight of multinational companies and cross-border audits requires communication and cooperation,” said PCAOB Chair Erica Y. Williams.
At this year’s Institute, PCAOB Board Members and staff shared the PCAOB’s four strategic goals as outlined in its draft strategic plan – modernizing standards, enhancing inspections, strengthening enforcement, and improving organizational effectiveness – with their global partners. Sessions at the event included a keynote address from U.S. Senator Jack Reed (D-RI), remarks from U.S. Securities and Exchange Commission Acting Chief Accountant Paul Munter, and panels featuring global audit regulators, investors, and academics.
“The International Institute on Audit Regulation embodies the PCAOB’s strong belief that international cooperation and communication strengthen audit quality globally,” said Karen B. Dietrich, Director of the PCAOB’s Office of International Affairs. “This two-day event helped generate valuable perspectives for the PCAOB and our international counterparts as we continue our work globally to protect investors.”
Learn more about the PCAOB’s international work on our website.
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, including compliance reports filed pursuant to federal securities laws.
PCAOB Office of Communications and Engagement