New PCAOB website
17 May 2003
The US Public Company Accounting Oversight Board has launched its new PCAOB Website.
The PCAOB was created by the Sarbanes-Oxley Act of 2002. Its mission is to protect investors in US securities markets by ensuring that public company financial statements are audited according to the highest standards of quality, independence, and ethics (whether by domestic or foreign auditors). The PCAOB's primary regulatory tools are:
- Registration of auditing firms.
- Auditing and other professional standards.
- Inspections of registered public accounting firms.
- Enforcement through investigations and disciplinary proceedings.
