The Public Company Accounting Oversight Board (PCAOB) in the US has set up a new advisory group, the Inspections Modernisation Council, and is inviting external stakeholders to join.
The organisation’s inspections programme, in place for more than two decades, has been central to the PCAOB’s work on audit quality.
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The new initiative is intended to update the programme so it stays “relevant and resilient”, with support from outside experts.
The PCAOB is seeking members with capital markets experience and knowledge of its inspections, including academics, audit committee members, finance leaders at public companies, investors, other regulators and auditors from companies of different sizes, and technologists.
Applicants must show a “demonstrated commitment to the interests of investors and the public”, a statement said.
PCAOB chairman Demetrios Logothetis said: “Modernisation of PCAOB inspections has the potential to bring improved audit quality and other significant benefits to investors and other stakeholders.
“The Inspections Modernisation Council will help us shape the future of PCAOB inspections, and we invite individuals of the highest integrity to join us in this effort.”
The application window closes on 15 June 2026.
The PCAOB oversees audits of public companies, as well as the audits of brokers and dealers registered with the Securities and Exchange Commission.
Earlier this month, the PCAOB confirmed the appointment of Randy Thornton as its chief operating officer.
He will lead the enterprise strategy function, and the human resources, finance, technology and project management offices.
