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PCAOB Inspections Outlook for 2019

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

Dec 06, 2018

On December 6, 2018, the Public Company Accounting Oversight Board (PCAOB) Division of Registration and Inspections staff provided this Outlook on their objectives and potential focus areas for planned 2019 inspections of audits of issuers and brokers and dealers.

This Outlook outlines their ongoing inspections transformation efforts and provides an overview of various areas of inspection focus for 2019. Auditors should consider this information when planning and performing their current and upcoming audits and review of their quality control systems.

The key areas of focus for PCAOB inspectors include:

  • System of quality control
  • Independence
  • Recurring inspection deficiencies
  • External considerations
  • Cybersecurity risks
  • Software audit tools
  • Digital assets
  • Audit quality indicators
  • Changes in the auditor's report
  • Implementation of new accounting standards

Review the publication on the PCAOB's website.

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