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.
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.
Staff Outlook for 2021 Inspections
Recent Updates
PCAOB adopted a new rule related to the PCAOB’s responsibilities under the Holding Foreign Companies Accountable Act (HFCAA).
International
PCAOB announces 2021 Forum for Auditors of Small Businesses and Broker-Dealers.
Broker-Dealers & Small Businesses
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
PCAOB issues annual report on broker-dealer audits.
Inspections