The PCAOB is committed to robust economic analysis, including post-implementation reviews that leverage data from our oversight activities. The PCAOB has established a program under which the staff of the Office of Economic and Risk Analysis conduct analysis on the overall effect of new auditing requirements on key stakeholders in the audit process.
- Status: Interim Analysis Being Planned
Auditing Accounting Estimates, Including Fair Value Measurements; Auditor’s Use of the Work of Specialists
- Status: Interim Analysis Complete
- Status: Initial Interim Analysis Complete; Follow-up Interim Analysis Complete
- Status: Post-Implementation Review Complete
About the Program
Post-implementation review is an important component of high-quality economic analysis of regulatory decision-making. Post-implementation reviews complement the prospective economic analysis that the PCAOB conducts as part of a rulemaking.
Post-implementation reviews evaluate the overall effect of a rule or standard, after a reasonable period of time has passed since its effective date. This includes:
- Evaluating whether a rule or standard is accomplishing its intended purpose, as identified in the rulemaking release.
- Identifying, wherever possible, costs and benefits.
- Identifying unintended consequences.
As part of the post-implementation review process, PCAOB staff may also conduct interim analyses to assess the initial impact of new requirements.
The PCAOB is committed to transparency, including around the impact of our rules and standards. Upon the completion of each interim analysis and post-implementation review, we will report our conclusions to the public. Each report will be accompanied by staff white paper(s) to provide transparency into the data sets used, methods applied, and results of the analysis.