The Public Company Accounting Oversight Board announced the launch of its new Technology Innovation Alliance, a working group of external experts meant to provide the board with insight into emerging technologies that could affect the financial statement prep and audit spaces.
Specifically, the new working group will advise the board on the use of emerging technologies by auditors and preparers relevant to audits and their potential impact on audit quality, and make recommendations to the board regarding how its existing or future oversight programs might address the use of emerging technologies by auditors and preparers.
"As a regulator, we have a duty to be forward-thinking when evaluating the impact of technology and data on the future of auditing," said board member Christina Ho, who will be leading the new group, in a statement. "This impressive group of experts will help us look ahead from a range of perspectives."
The new board members include:
- Taka Ariga;
- Luciana Barbosa;
- Helen Brown-Liburd;
- Eric Cohen;
- Chris Danusiar;
- Evelyn Hayes;
- Renata Miskell;
- Vernon Richardson;
- John Turner; and,
- Andres Vinelli.
"It is critical for the PCAOB to remain current on technological advancements and their role in enhancing audit quality," said PCAOB Chair Erica Williams, in a statement. "On behalf of the board and all my PCAOB colleagues, I thank the experts who have stepped up to provide us perspective on technology by serving on the TIA Working Group and board member Ho for leading this talented group of individuals."
