At November 18 Open Meeting, PCAOB to Consider Proposal for New Quality Control Standard

Board To Also Consider 2023 Budget and Strategic Plan

Washington, Nov. 10, 2022

The Public Company Accounting Oversight Board (PCAOB) will hold an open meeting on Friday, November 18, 2022, at 2:00 p.m. ET. At the meeting, the Board will consider the following:

  • Proposal for new quality control (QC) standard: The Board will consider proposing for public comment a new QC standard that would, if adopted, lead registered public accounting firms to significantly improve their QC systems.
  • 2023 budget and five-year strategic plan: The Board will consider the adoption of the PCAOB budget for the 2023 fiscal year and the 2022-2026 strategic plan, a draft of which was issued for public comment earlier this year. The Sarbanes-Oxley Act of 2002 requires the PCAOB to establish a budget for each fiscal year (which for the PCAOB is the calendar year) no later than one month prior to the commencement of that fiscal year. If approved by the Board, the budget will be submitted to the U.S. Securities and Exchange Commission for approval, as required by the Sarbanes-Oxley Act of 2002. The strategic plan guides the development of the budget.

How to Watch or Listen to the Meeting

The public may join the meeting (in watch-only or listen-only mode) using the following information. 

  • Join by Webex link: 
    PCAOB Open Meeting - November 18, 2022
    When you join the meeting, if you would like to connect your audio via phone, you can receive a call back by providing your phone number in the prompt. You can also join by audio only by calling one of the dial-in numbers in the "Join by phone" section below and entering the access code and password. 

  • Join by Webex number: 
    Webex number: 2315 448 3287
    Webex password: Kh5xBPWfq35 

  • Join by phone: 
    Call either of the numbers below and enter the access code and password, each followed by #. 
    United States Toll Free: 1-844-621-3956 
    US Toll: 1-415-655-0001
    Access code: 2315 448 3287 
    Numeric Webex Password: 54592793

Following the meeting, a recording will be made available on the meeting’s Event page.

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About the PCAOB

The PCAOB is a nonprofit corporation established by Congress to oversee the audits of public companies in order to protect investors and further the public interest in the preparation of informative, accurate, and independent audit reports. The PCAOB also oversees the audits of brokers and dealers, including compliance reports filed pursuant to federal securities laws.

Contact

PCAOB Office of Communications and Engagement 
[email protected] 

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