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ARTICLE · 18 MARCH 2019

PCAOB Issues 2019 Staff Inspections Outlook For Audit Committees

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Yesterday, the Public Company Accounting Oversight Board issued its 2019 Staff Inspections Outlook for Audit Committees which offers a concise outline of what audit committees should expect from the PCAOB's 2019 inspections activities.

United StatesAccounting and Audit
Alan Wilson
Alan Wilson
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Yesterday, the Public Company Accounting Oversight Board issued its 2019 Staff Inspections Outlook for Audit Committees (the "Committee Outlook"), which offers a concise outline of what audit committees should expect from the PCAOB's 2019 inspections activities. This summary follows the December 2018 release of the Inspections Outlook for 2019 by the PCAOB's Division of Registration and Inspections. Consistent with the PCAOB's new strategic plan (see our October 22, 2018 and August 13, 2018 posts), these Outlooks are in line with the PCAOB's objective to enhance external engagement and facilitate more proactive communication with PCAOB stakeholders. Relatedly, for companies whose audits are subject to PCAOB inspection, the PCAOB plans to offer an opportunity for the audit committee chairs of those companies to engage in discussions with the PCAOB inspections staff about the inspections.

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