October 1, 2013

Guide to PCAOB Inspections

The Guide to PCAOB Inspections provides a high-level overview of the PCAOB’s process for inspecting public company auditing firms. This process has a significant impact on the quality of public company audits and investor confidence in the integrity of audited financial statements. This Guide highlights the process for selecting and reviewing audits for conformance to audit standards, and the assessment of a firm’s audit quality control program. It also provides information on the PCAOB inspection process, the content of inspection reports, and the remediation of audit deficiencies and quality control criticisms identified in PCAOB inspections.