PCAOB Audit Regulation a Decade after SOX: Where It Stands and What the Future Holds

SYNOPSIS

This commentary assesses the status of audit regulation under the Public Company Accounting Oversight Board (PCAOB) and explores what the future might hold. The commentary discusses how discretionary choices in implementing the PCAOB's legislative mandates under the Sarbanes-Oxley Act of 2002, the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, and the 2012 Jumpstart Our Business Startups Act have shaped the Board and the PCAOB's inspection, standard-setting, and enforcement activities over its first decade. The commentary suggests...more