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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Jan. 16, 2025

A new edition of the PCAOB’s Audit Focus series provides PCAOB staff insights for auditors regarding journal entries.

Inspections
Jan. 15, 2025

The PCAOB has sanctioned SS Accounting and Auditing Inc. and partner for multiple violations of PCAOB rules and standards.

Enforcement
Jan. 14, 2025

Imposing a $500,000 fine, the PCAOB has sanctioned Baker Tilly US, LLP for quality control violations.

Enforcement
Dec. 9, 2024

In a new staff report, the PCAOB’s staff has outlined 2025 inspection priorities, with a focus on driving improvements in audit quality.

Inspections