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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Sep. 25, 2024

A new staff report provides observations from the PCAOB’s target team, a group of inspectors who focus on emerging audit risks and other topics.

Inspections
Sep. 24, 2024

The PCAOB has sanctioned five audit firms for violations related to audit committee communications or reporting requirements.

Enforcement
Sep. 20, 2024

The PCAOB announces the agenda for the September 26 meeting of its Investor Advisory Group.

About the PCAOB
Sep. 16, 2024

A new PCAOB staff Spotlight publication highlights common deficiencies, good practices, and other reminders related to auditor independence.

Inspections