Guiding the development of the 2022 budget is the PCAOB’s current five-year Strategic Plan. Given the ongoing leadership transition at the PCAOB, the Board used the organization’s 2020-2024 Strategic Plan as the basis for the 2022 budget, with the expectation that the new Board will reassess the PCAOB’s strategic goals and priorities in 2022.

The Board approved the five-year 2020-2024 strategic plan during an open meeting on November 19, 2020. The plan reaffirms the five values and five core goals that the Board will advance to effectively fulfill its mission. 

Read the news release: PCAOB Approves 2022 Budget.

Read the 2020-2024 Strategic Plan

Our Values

In the 2020-2024 Strategic Plan, the PCAOB continues to promote our five core values.


We adhere to the highest standards of ethical and professional conduct. We engage internally and externally in a manner that is consistent, honest, and fair.


We pursue excellence in all we do. We are committed to further developing the many talents of our people so that we can improve our oversight and operations.


We manage our resources effectively and efficiently. We respond to a changing environment by implementing relevant, timely, and innovative solutions to achieve our mission.


We are dedicated to a culture of collaboration and inclusiveness, which we foster by encouraging openness, accessibility, trust, and respect. We embrace a diverse set of experiences, skills, perspectives, and backgrounds, which enriches our work and enhances the effectiveness of our efforts.


We depend on the diligence and dedication of our people to accomplish our mission and implement our vision. We owe each other our very best effort and expect to be held accountable. We recognize and reward outstanding performance.

Our Strategic Goals

The Board approved five goals to fulfill its mission.

Goal 1: Drive improvement in the quality of audit services through a combination of prevention, detection, deterrence, and remediation.

Goal 2: Anticipate and respond to the changing environment, including emerging technologies and related risks and opportunities.

Goal 3: Enhance transparency and accessibility through proactive stakeholder engagement.

Goal 4: Pursue operational excellence through efficient and effective use of our resources, information, and technology.

Goal 5: Develop, empower, and reward our people to achieve our shared goals.