Inspections Inspection Reports

Inspection Documents

Report on the PCAOB's 2004, 2005, 2006, and 2007 Inspections of Domestic Annually Inspected Firms (12/5/2008)

Guidance Regarding Implementation of PCAOB Rule 4012 (12/5/2007)

All comments to date on Guidance Regarding Implementation of PCAOB Rule 4012 (3/27/2008)

Report on the PCAOB's 2004, 2005, and 2006 Inspections of Domestic Triennially Inspected Firms (10/22/2007)

Report On The Second-Year Implementation OF Auditing Standard No. 2 (4/18/2007)

Observations on Auditors' Implementation of PCAOB Standards Relating to Auditors' Responsibilities with Respect to Fraud (1/22/2007)

Statement Regarding the PCAOB's Approach to Inspections of Internal Control Audits in the 2006 Inspection Cycle (5/1/2006)

Observations on the Initial Implementation of the Process for Addressing Quality Control Criticisms within 12 Months after an Inspection Report (3/21/2006)

Process for Board Determinations Regarding Firms' Efforts to Address Quality Control Criticisms in Inspection Reports (3/21/2006)

Report on the Initial Implementation of Auditing Standard No. 2 (11/30/2005)

Statement Concerning the Issuance of Inspection Reports (8/26/2004)

 

Inspections

Section 104 of the Sarbanes-Oxley Act of 2002 requires the Board to conduct a continuing program of inspections of registered public accounting firms. In those inspections, the Board assesses compliance with the Act, the rules of the Board, the rules of the Securities and Exchange Commission, and professional standards, in connection with the firm’s performance of audits, issuance of audit reports, and related matters involving issuers. The Act requires the Board to conduct those inspections annually for firms that provide audit reports for more than 100 issuers and at least triennially for firms that provide audit reports for fewer issuers.

The Act requires the Board to prepare a written report concerning each inspection. Under the Act and the Board's rules, the Board provides a copy of each report, in appropriate detail, to the Commission and to certain state regulatory authorities. The Board also makes portions of those reports available to the public, subject to restrictions in the Act that prohibit, or require a delay in, the public disclosure of certain information.