USA’s Public Company Accounting Oversight Board (PCAOB) has released a new series of staff presentation videos to assist firms in implementing four key areas of their quality control (QC) system under QC 1000, A Firm’s System of Quality Control.  

These presentations are part of ongoing efforts to support firms in adhering to the board’s standards. 

Led by the PCAOB’s office of the chief auditor, the videos focus on roles and responsibilities, ethics and independence, people resources, and technological and intellectual resources.  

Each topic addresses specific requirements and responsibilities for firms in designing, implementing, and operating their QC systems. 

In its statement, PCAOB said firms can access additional implementation-related videos, resources, and tools on the Implementation Resources for PCAOB Standards and Rules page.  

In a separate development, PCAOB formalised a statement of protocol with the Auditing Oversight Authority of the Slovak Republic (UDVA) on 5 May 2025.  

The agreement aims to enhance cooperation in supervising auditors and public accounting firms within both jurisdictions. 

The PCAOB, established by Congress, oversees audits of public companies to protect investors and ensure the preparation of informative, accurate, and independent audit reports.  

It also supervises audits of brokers and dealers, including compliance reports under federal securities laws. 

These initiatives come amid a proposal by Republican legislators to reportedly dissolve the PCAOB. 

The proposal is part of a larger federal budget bill that also seeks to reduce funding for the Consumer Financial Protection Bureau. 

Recent changes in White House leadership have influenced PCAOB’s management, reflecting ongoing political dynamics. Critics argue that the PCAOB imposes unnecessary costs and duplicates the functions of the Securities and Exchange Commission.