PCAOB Welcomes Global Partners to 16th International Institute on Audit Regulation

The Public Company Accounting Oversight Board (PCAOB) today concluded its two-day 2024 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 40 non-U.S. jurisdictions, as well as officials from several international organizations.

“This conference embodies the PCAOB’s convictions that international cooperation and communication strengthen audit quality around the globe,” said PCAOB Chair Erica Y. Williams. “For 16 years, this event has helped to generate valuable perspectives for the PCAOB and our international counterparts as we continue our collective work to protect investors.”

Under the theme of “Raising the Bar for Audit Quality,” the Institute 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 outlook for audit regulation, investor perspectives, the use of technology, audit firm culture, and recent developments in standards, inspections, and enforcement.

This year’s institute featured a fireside chat between Chair Williams and Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC).

Keynote sessions included remarks from Dr. Kelly R. Pope, Professor at DePaul University’s School of Accountancy and MIS; and Stephen J. Scott, Founder and CEO at Starling Trust Sciences. SEC Chief Accountant Paul Munter also provided an update.

“The PCAOB’s commitment to building and maintaining constructive relationships helps us facilitate cooperation on audit oversight for the benefit of investors,” said Karen B. Dietrich, Director of the PCAOB’s Office of International Affairs. “The International Institute on Audit Regulation exemplifies this spirit of cooperation, and we look forward to future events and engagement with our international colleagues.”

Learn more about the PCAOB’s international work on our website.

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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.

Contact

PCAOB Office of Communications and Engagement
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