PCAOB Revises Standard-Setting Agenda and Adds Rulemaking Projects to Enhance Investor Protection

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May 16, 2023

On May 16, 2023, the staff of the Public Company Accounting Oversight Board (PCAOB) posted a revised standard-setting agenda that includes the addition of two projects slated for short-term action (relating to firm and engagement performance metrics and substantive analytical procedures). The PCAOB also announced four new projects aimed at improving PCAOB rules to protect investors. The rulemaking projects focus on enhancing investor transparency and enforcement of PCAOB rules and standards.

In commenting on these developments, PCAOB Chair Erica Y. Williams stated that “The PCAOB is pursuing one of the most ambitious standard-setting agendas in its history, and the updates reflect the solid progress that we are making to carry out that agenda. Our new rulemakings also show our commitment to making enhancements that will allow the PCAOB to execute our mission to protect investors more effectively and efficiently.”

Re­view the press release on PCAOB’s website.

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