US PCAOB strategic plan 2011-2015
The United States Public Company Accounting Oversight Board (PCAOB) has published its Strategic Plan to guide the Board's programs and operations during the period 2011-2015.
The Sarbanes-Oxley Act of 2002 created the PCAOB as the independent nonprofit overseer of the auditors of public companies. PCAOB has four primary responsibilities:
- registration of accounting firms (including non-US firms) that audit public companies (including non-US issuers) trading in US securities markets;
- inspections of registered public accounting firms;
- establishment of auditing and related attestation, quality control, ethics, and independence standards for registered public accounting firms; and
- investigation and discipline of registered public accounting firms and their associated persons for violations of specified laws or professional standards.