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PCAOB stokes audit committees on inspection engagement

Tammy Whitehouse | March 18, 2019

Audit committee chairs at companies whose audits are selected for regulatory inspection might have an opportunity to interact with regulators firsthand.

The Public Company Accounting Oversight Board says it plans to reach out to audit committee chairs at certain companies whose audits are selected for inspection to speak with audit inspectors directly. “The purpose of the audit committee dialogue is to provide further insight into our process and obtain their views,” the PCAOB says in a recent brief elaborating on its 2019 inspection plans.

The inspection staff expects to share further updates to audit committees to provide inspectors’ observations from those interviews and inspection...

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