Audit committees play a vital role in promoting high quality auditing through their oversight of the audit process and the auditor. An engaged and informed audit committee serves as an effective force multiplier in promoting audit quality for the benefit of investors. The Board has made it a strategic priority to interact more often and more directly with audit committees.

PCAOB Inspections

As part of the PCAOB inspections process, we reach out to nearly all of the audit committee chairs of the U.S. issuers whose audits we inspect and invite them to speak with us.

Basics of Inspections

Firm Inspection Reports

Resources for Audit Committees

The PCAOB is committed to providing timely and relevant information to audit committees in areas of common interest, including auditor independence, auditor communications with the audit committee, PCAOB inspections reports, audit quality, critical audit matters, among other topics. 

Resources for Audit Committees

Recent Updates

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Feb. 13, 2025

The PCAOB has posted a new series of knowledge checks designed to help auditors gauge their understanding of key aspects of the PCAOB’s new quality control standard.

Standards
Feb. 12, 2025

The PCAOB has sanctioned an audit partner for issuing audit report before completing all necessary audit procedures.

Enforcement
Feb. 11, 2025

The PCAOB has sanctioned an audit partner for improperly and repeatedly altering workpapers in two PCAOB inspections and a PCAOB investigation.

Enforcement
Feb. 4, 2025

A new PCAOB staff report shares reminders, good practices, and other considerations for audit firms using the work of specialists.

Inspections