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

Dec. 6, 2022

Imposing $7.7 million in fines, the PCAOB sanctions three firms and four individuals from KPMG global network.

Enforcement
Nov. 30, 2022

The PCAOB launches the Technology Innovation Alliance Working Group.

About the PCAOB
Nov. 18, 2022

The PCAOB has approved its strategic plan along with the 2023 budget to carry out the plan’s goals and protect investors.

About the PCAOB
Nov. 18, 2022

The PCAOB proposes a new quality control standard.

Standards