Regulatory Oversight, Publicly-Traded Companies, Audits

PCAOB May Survive Just Yet…

Cooley LLP on 6/30/2025

Last month, I blogged that the PCAOB may be absorbed by the SEC under the budget reconciliation bill that is making its way towards the finish line. In that blog, I indicated that the only thing that might stop the merger of...more

The Coming SEC-PCAOB Merger? Arguments Against Abolishing the PCAOB

Cooley LLP on 5/9/2025

The House Financial Services Committee voted to include a provision in the 2025 budget reconciliation bill that would abolish the PCAOB. The proposal would reassign PCAOB functions to the SEC....more

Chair Gensler Overhauls PCAOB

Faegre Drinker Biddle & Reath LLP on 6/15/2021

On Friday June 4, 2021, Securities and Exchange Commission Chair Gary Gensler removed the head of the Public Company Accounting Oversight Board (PCAOB), an independent agency created by the Sarbanes-Oxley Act of 2002 that is...more

Year-End Reminders on The Role of Audit Committees

Mayer Brown Free Writings + Perspectives on 1/3/2020

On December 30, 2019, the Chair of the Securities and Exchange Commission, the SEC’s Chief Accountant, and the Director of the SEC’s Division of Corporation Finance issued a joint statement regarding the role of audit...more

Lessons Learned from CAM Dry Runs

Mayer Brown Free Writings + Perspectives on 12/17/2018

In 2017, the Public Company Accounting Oversight Board (“PCAOB”) adopted a new standard for auditor’s reports that requires a description of critical audit matters (“CAMs”) designed to provide investors with information that...more

Integrity of Financial Reporting and Foreign Issuers; China-Based Issuers

Mayer Brown Free Writings + Perspectives on 12/10/2018

On Friday, the Chair of the Securities and Exchange Commission Jay Clayton, the Commission’s Chief Accountant Wes Bricker, and the Chairman of the PCAOB William Duhnke issued a statement reaffirming the significance to the...more