PUBLIC COMPANY
ACCOUNTING OVERSIGHT BOARD
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PUBLIC COMPANY
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Public Company Accounting Oversight Board A positive reform in the Sarbanes-Oxley Act of 2002 was to create the Public Company Accounting Oversight Board. It now specifies the auditing standards for the country. It also examines the performance of CPA auditors. Its website shows inspection reports on CPA firms large and small, listing out many deficiencies. The website has about 500 inspection reports (www.pcaob.org/Inspections/Public_Reports/index.aspx). Many parts of the inspection reports are not made public, but the public portions provide illuminating revelations about the quality of audit work in this country.
Board Members
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