PCAOB Welcomes Global Partners to 15th International Institute on Audit Regulation
The Public Company Accounting Oversight Board (PCAOB) today concluded its two-day 2023 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 issues related to auditor oversight, audit quality, and investor protection. Attending the Institute this year were nearly 90 officials from audit regulators in 35 non-U.S. jurisdictions, as well as officials from several international organizations.
“In a global economy, the work of protecting investors requires communication and cooperation,” said PCAOB Chair Erica Y. Williams. “We are grateful to our counterparts from around the world for coming together to share ideas and focus on our common mission of protecting investors.”
Under the theme of “New Horizons in Audit Regulation,” the conference included sessions with PCAOB Board Members and staff, leaders from non-U.S. regulatory bodies, and representatives from the investor community and other key stakeholder groups across auditing and financial reporting. Panel discussions covered topics such as the intersection of stakeholders and audit regulators, technology in audit regulation, inspections, enforcement, and macroeconomic trends.
Additionally, participants heard keynote remarks from the Honorable Martin J. Gruenberg, Chairman of the Federal Deposit Insurance Corporation, and Lisa M. Fairfax, Presidential Professor of Law at the University of Pennsylvania Carey Law School. The conference also included a session with Ugo Bassi, Director of Financial Markets at the European Commission’s Directorate General for Financial Stability, Financial Services and Capital Markets Union, and an update from Paul Munter, Chief Accountant at the U.S. Securities and Exchange Commission.
“As always, this year’s International Institute on Audit Regulation generated valuable perspectives, and we thank our international counterparts and other guests for their participation and insights,” said Karen B. Dietrich, Director of the PCAOB’s Office of International Affairs. “The Institute advances international cooperation and communication, which are essential to strengthening audit quality and investor protection globally.”
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 registered with the Securities and Exchange Commission, including compliance reports filed pursuant to federal securities laws.
PCAOB Office of Communications and Engagement