Investors depend on auditors to bolster the reliability of financial information disclosed by public companies.
As they do that important work, auditors registered with the PCAOB must follow PCAOB standards and rules.
Auditors who put investors at risk by violating PCAOB standards and rules face accountability, thanks to the PCAOB’s enforcement program.
The PCAOB stays on the lookout continually for potential auditor wrongdoing - with the help of inspections, tips, and information from other regulators.
When the PCAOB sees potential misconduct, it investigates. And investigations can lead to enforcement proceedings.
If these proceedings establish that wrongdoing has occurred, a firm or individuals may face sanctions.
These sanctions can be:
• Civil monetary penalties
• Bars from auditing
• Required trainings and remedial measures
How can you help the PCAOB promote accountability through strong enforcement?
Here are three ways.
1. Learn more about PCAOB enforcement.
On our website, read about recent enforcement actions and our enforcement process generally.
2. Send us tips about potential auditor misconduct.
We can be reached by phone, email, and postal mail.
3. Stay up to speed.
Sign up to get alerts when we post new enforcement orders.
Visit www.pcaobus.org/investors for more resources and information.
This video was posted on June 5, 2024.
4 июн 2024
