Audit regulators are looking to engage more directly with audit committees, but they may get a cool response from some audit committee members.
As part of a tweaked approach to regulating public company audit work, the Public Company Accounting Oversight Board recently indicated it wants to interact more with audit committee members in the context of its inspections process. The board’s strategic planning process in 2018 revealed audit committees would like a chance to chime in on inspections issues, the PCAOB said.
