At the Public Company Accounting Oversight Board’s open meeting last week, board members said outreach to all stakeholders over the past year indicated that transformational change was needed, but they also affirmed that their 5-year strategic plan is still relevant and their 2020 budget supports their continued commitment to making the necessary changes.
Each of the board members shared their views that much progress had been made on their strategic plan during 2019 but that more needs to be done for the PCAOB to advance its mission. Both the 2020 budget and 5-year plan were approved at the Nov. 19 meeting. The board also thanked former member Kathleen Hamm for her service and welcomed new member Rebekah Goshorn Jurata.
