The Public Company Accounting Oversight Board concluded its first International Auditor Regulatory Institute last week.
Representatives from auditor regulators and government agencies from more than 40 countries convened in Washington to learn more about the PCAOB’s programs and how the board carries out its mandate under the Sarbanes-Oxley Act.
The institute took place over two-and-a-half days, with one full day devoted to discussions about the PCAOB’s inspections program. The institute also covered other significant activities of the PCAOB, including standards-setting, the enforcement process and international cooperation.
More than 780 audit firms currently registered with the PCAOB are located outside of the United States, spanning 80 countries.
Now in its fifth year of operation, the board established the institute to provide a forum for discussion about how audit regulators around the world can better protect the interests of investors and increase efficiency, reliability and transparency in accurate and reliable financial reporting.
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