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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Dec. 21, 2023

A new staff report provides observations from the PCAOB’s target team, a group of inspectors who focus on emerging audit risks and other topics.

Inspections
Dec. 20, 2023

In a new staff report, the PCAOB’s staff has outlined 2024 inspection priorities, with a focus on driving improvements in audit quality.

Inspections
Nov. 30, 2023

Imposing $7.9 million in fines, the PCAOB has sanctioned three China-based firms and four individuals in historic settlements.

Enforcement
Nov. 30, 2023

Chair Williams issues statement on the PCAOB’s enforcement orders against China-Based firms.

Enforcement