PCAOB landscape—What companies and auditors should know

New leadership and strategic priorities are shaping the PCAOB's approach to audit oversight. We discuss updates to audit firm quality control requirements, developments in standard setting and AI in auditing, and efforts to modernize inspections—and what these changes could mean for companies, audit committees, and auditors.

• 5:50 – New PCAOB leadership and priorities
• 14:04 – PCAOB strategy and stakeholder engagement
• 17:30 – Standard setting—independence, fraud, and NOCLAR
• 22:48 – AI and technology in auditing
• 27:35 – Modernizing PCAOB inspections

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About our guest

Brian Croteau is the US Chief Auditor. He oversees the establishment and maintenance of PwC’s audit policies and practices, leads efforts to directly support PwC’s audit quality objectives, and plays a key role in the monitoring and assessment of audit quality. He also leads the firm’s efforts related to its relationship with the PCAOB, including supporting all aspects of the PCAOB’s inspection process. Brian currently serves as a member of the PCAOB’s Standards and Emerging Issues Advisory Group (SEIAG) and the SEIAG’s Emerging Issues in Auditing subcommittee. Prior to rejoining PwC, he served as the Deputy Chief Accountant of the Professional Practice Group within the Office of the Chief Accountant at the SEC where he played a key role in the SEC’s oversight of the activities of the PCAOB, managed the resolution of auditor independence issues and ethical matters, and monitored audit and independence standard setting internationally.

About our guest host

Diana Stoltzfus is a partner in PwC’s National Office who helps to shape PwC’s perspectives on regulatory matters, responses to rulemakings and policy development, and implementation related to significant new rules and regulations. She is also one of the firm’s technical experts on sustainability reporting. Prior to rejoining PwC, she served as the Deputy Chief Accountant of the Professional Practice Group within the Office of the Chief Accountant at the SEC.

Transcripts

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