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Progress and Evolution in Audit Oversight to Protect Investors and the Public Interest

  • PCAOB (US Public Company Accounting Oversight Board) (dark gray) Image

May 05, 2016

On May 5, 2016, the Public Company Accounting Oversight Board (PCAOB) released a keynote address by PCAOB Board Member Jeanette Franzel entitled, "Progress and Evolution in Audit Oversight to Protect Investors and the Public Interest," delivered at the Baruch College, Robert Zicklin Center for Corporate Integrity 15th Annual Financial Reporting Conference.

Franzel said the PCAOB is seeing some “slivers of hope” in audit quality improvement. “Generally, audit firms have made significant improvements, and PCAOB inspections have helped drive those improvements,” she said. However, she added that firms have a way to go in strengthening their quality control systems and their own monitoring to prevent audit deficiencies.

Review the speech on the PCAOB's Web site.

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