PCAOB Chair delivers keynote urging firms to increase audit quality and ensure investors are protected
Dec 04, 2023
On December 4, 2023, Public Company Accounting Oversight Board (PCAOB) Chair, Erica Y. Williams delivered remarks reminding auditors that investors depend on high-quality audits to secure and maintain trust and confidence in the capital markets
Williams discussed the need for updating standards, citing proposals and changes made by the PCAOB. She outlined efforts to address issues such as noncompliance and emphasized the importance of public comments in shaping standards. She also discussed PCAOB's enforcement actions, including sanctions and penalties, to ensure accountability and protect investors.
Williams encouraged firms to focus on quality control and remediation for improved audit quality and concluded by emphasizing the crucial role auditors play in fostering confidence in the financial system and protecting investors.
Access the speech on the PCAOB website