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


Staff Outlook for 2021 Inspections

Watch for a quick overview of the changes we're making to PCAOB's 2021 inspections and important areas of planned focus. Our Stakeholder Liaison shares highlights of two new publications, 2021 Staff Outlook for Inspections and Audit Committee Resource. The audit committee publication can help inform constructive dialogue with auditors.

Recent Updates

Sep. 22, 2021

PCAOB adopted a new rule related to the PCAOB’s responsibilities under the Holding Foreign Companies Accountable Act (HFCAA).

International
Sep. 20, 2021

PCAOB announces 2021 Forum for Auditors of Small Businesses and Broker-Dealers.

Broker-Dealers & Small Businesses
Sep. 16, 2021

PCAOB will hold an open meeting on September 22 to consider adoption of a rule providing a framework related to our responsibilities under the Holding Foreign Companies Accountable Act.

International
Aug. 19, 2021

PCAOB issues annual report on broker-dealer audits.

Inspections

Related Information