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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Mar. 12, 2024

Investor Bulletin: Opportunity To Comment on Proposal To Protect Investors From False or Misleading Statements About PCAOB Registration and Oversight

Information for Investors
Mar. 5, 2024

The PCAOB has sanctioned Gries & Associates for deficient audit work that preceded multiple financial restatements.

Enforcement
Mar. 4, 2024

The PCAOB announced the participants taking part in its March 6, 2024, public virtual roundtable regarding the PCAOB’s proposal on noncompliance with laws and regulations. The proposal’s comment period is also reopened through March 18, 2024.

Standards
Feb. 27, 2024

A PCAOB rule proposal would prohibit auditors from making false or misleading statements about PCAOB registration and oversight.

Rulemaking