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

Jun. 22, 2022

PCAOB sanctions engagement quality reviewer for inadequate reviews and false documentation created in advance of inspection. TESTTTTT

Audit Committees
Jun. 22, 2022

PCAOB sanctions Robert C. Duncan Accountancy Corp. and Robert C. Duncan for violating PCAOB rules and standards. Testttttttttttttttttttttttttttttttt

Small Businesses
Jun. 21, 2022

PCAOB adopts new requirements for lead auditor’s use of other auditors.

Jun. 14, 2022

The PCAOB will hold an open meeting on Tuesday, June 21, 2022, at 10:00 a.m. ET to consider adopting new requirements for the lead auditor’s use of other auditors.