Investor Advisory: PCAOB Investor Advisory Group Requests Public Submit Examples of Critical or Key Audit Matters

Apr. 29, 2024

The Public Company Accounting Oversight Board’s (PCAOB or “the Board”) Office of the Investor Advocate is alerting investors to the opportunity to provide the PCAOB Investor Advisory Group with examples of critical audit matters or key audit matters for analysis.

This document does not represent the views of the PCAOB Office of the Investor Advocate nor those of other PCAOB staff or the Board. It is not a rule, policy, or statement of the Board.

The PCAOB Investor Advisory Group (IAG)1 is requesting critical audit matters or key audit matters for its analysis.

As explained by the IAG during its April 24, 2024 meeting,

The IAG is seeking nominations from the general public, including from public company issuers (management and boards), auditors, financial analysts and investors for the most decision useful critical audit matter (CAM) or key audit matter (KAM) contained in public company audit reports included in the 2023 Form 10-Ks and Form 20-Fs.

All timely nominations received will be reviewed and evaluated by the IAG. The IAG will select what they believe to be the top three decision useful CAMs or KAMs for 2023 among those nominated. Those CAMs or KAMs selected will be identified and discussed in an IAG report expected to be issued publicly later this year.

Each nomination (which may be submitted anonymously) should include an explanation (maximum five hundred words) of why the nominated CAM or KAM provides decision useful information to investors.

The IAG has requested that the public provide submissions to the IAG by June 30, 2024. For details, please see the IAG announcement available here.2

1 The IAG’s views are developed by the members of the group independent of the views of the Public Company Accounting Oversight Board (PCAOB) and its staff. For more information about the IAG, including a listing of the current members, their bios, and the IAG charter, see

2 Responses to the request will not be PCAOB nonpublic information and may be publicly disclosed by the IAG.