Auditor reporting model: SEC approves changes affecting all PCAOB audit reports
Listen to PwC's US chief auditor Len Combs provide an update on the PCAOB's new standard enhancing auditor reporting.
Public Company Accounting Oversight Board (PCAOB)
The PCAOB oversees the audits of public companies in order to protect the interests of investors and further the public interest in the preparation of informative, accurate and independent audit reports.
Website: www.pcaob.org
Select news releases
PCAOB approves five-year strategic plan and 2019 budget
The PCAOB approved its 2018-2022 strategic plan and FY2019 budget in an open meeting. The strategic plan serves as the foundation for the budget and guides the PCAOB's programs and operations.
PCAOB to consider 2019 budget and five-year strategic plan at November 15 meeting
The budget is the foundation for the 2019 accounting support fee assessments. If approved by the board, the budget will be submitted to the SEC for approval. The strategic plan guides board use of resources funded by the budget.
PCAOB updates staff guidance on implementing changes to auditor's report
The PCAOB guidance is updated as of Aug. 23, 2018. A summary of the updates can be found on Page 1 of the document.
PCAOB issues annual report on inspections of brokers and dealers audits
The PCAOB released a draft of its five-year strategic plan, for the first time inviting public comment on its areas of strategic focus.
PCAOB seeks public comment on draft five-year strategic plan
The PCAOB released a draft of its five-year strategic plan, for the first time inviting public comment on its areas of strategic focus.
PCAOB announces scholarships awarded to 332 students for 2018-2019 academic year
The PCAOB announced the 332 recipients of merit-based scholarships that are intended to encourage accounting students to pursue careers in audit.
PCAOB Deputy General Counsel Michael Stevenson leaves after 15 years
The Public Company Accounting Oversight Board announced today that Michael Stevenson, deputy general counsel, has left the PCAOB after 15 years at the organization and more than 22 years in public service.
PCAOB Director of Enforcement and Investigations Claudius Modesti to leave PCAOB
The PCAOB announced that Claudius B. Modesti will leave the PCAOB after 14 years as the director of the Division of Enforcement and Investigations.
PwC comment letters
PwC responds to PCAOB’s proposal related to supervision of other auditors
PwC supports PCAOB’s efforts to enhance the lead auditor’s supervisory responsibilities in an audit involving other auditors.
PwC responds to PCAOB's proposal related to auditing accounting estimates
PwC supports PCAOB's proposal to update requirements for auditing accounting estimates, including fair value.
PwC responds to PCAOB's proposal related to using the work of specialists
We provide feedback on the PCAOB's proposals addressing how auditors evaluate the work of specialists in audits.
All PCAOB rules adopted by the Board and approved by the Securities and Exchange Commission. For the full list of PCAOB bylaws and rules, please visit the PCAOB website.
For the full list of PCAOB dockets open for public comment, please visit the PCAOB website.
For a listing of all speeches visit the PCAOB website.
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Heather Horn
US Strategic Thought Leader, National Professional Services Group, PwC US
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David Schmid
IFRS & US Standard Setting Leader, National Professional Services Group, PwC US
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